How to prepare for new super tax

The government has finally outlined the details of the new super tax and it will hit many more investors than forecast initially.

The government has finally outlined the details of the new super tax and it will hit many more investors than forecast initially. In particular the effective 30 per cent tax on amounts above $3 million will hit middle-income property investors where the bulk of the assumed value of their super fund may be taken up with an investment mortgage. In today’s show we cover; ‘T bill and chill’ - is cash and fixed income good enough now, three bad years in a row for bond ETFs, cashing out annual leave and the best way to deal with the plan for higher super tax.


Adviser Doug Turek of Minchin Moore Private is Wealth Editor James Kirby’s guest in this episode 

The government has finally outlined the details of the new super tax and it will hit many more investors than forecast initially. In particular the effective 30 per cent tax on amounts above $3 million will hit middle-income property investors where the bulk of the assumed value of their super fund may be taken up with an investment mortgage. In today’s show we cover; ‘T bill and chill’ - is cash and fixed income good enough now, three bad years in a row for bond ETFs, cashing out annual leave and the best way to deal with the plan for higher super tax.
 Adviser Doug Turek of Minchin Moore Private is Wealth Editor James Kirby’s guest in this episode

Every week, The Australian's James Kirby delivers two power-packed episodes featuring in-depth analysis of property markets and smart money-making strategies.

Unlock your wealth potential with The Money Puzzle.

Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.

Get tips from leading experts and practical tools to help build lasting wealth.

Submit your questions at themoneypuzzle@theaustralian.com.au. 

Unlock your wealth potential with The Money Puzzle.
Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.
Get tips from leading experts and practical tools to help build lasting wealth.
Submit your questions at <a href="mailto:themoneypuzzle@theaustralian.com.au">themoneypuzzle@theaustralian.com.au</a>.&nbsp;

The Australian’s Money Puzzle covers all important finance and property topics.

The Money Puzzle

Unlock your wealth potential with The Money Puzzle.

Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.

Get tips from leading experts and practical tools to help build lasting wealth.

Submit your questions at themoneypuzzle@theaustralian.com.au.

Unlock your wealth potential with The Money Puzzle.
Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.
Get tips from leading experts and practical tools to help build lasting wealth.
Submit your questions at themoneypuzzle@theaustralian.com.au.