Sun, 26th May 2024

In this episode, Paige Estritori discusses the disputed Superannuation Tax Cap bill, with opposing opinions from the Greens and Independent Allegra Spender. The Greens call for reforms and an end to super tax concessions to property investors, while Spender criticises the taxation of unrealised gains and a failure to index. Despite a challenging April, Australian super funds show robustness, with a predicted full-year growth of around 8%, attributed to a firm long-term strategy despite the U.S. Federal Reserve's unexpected interest rate moves. If the 8% projection for fiscal year 24 holds true, it will mark 13 gains in the past 15 years. Stay updated with Financial Services Online for your weekly superannuation news and advice on managing your financial route.