Why the super tax got a rethink

Australia’s superannuation system is a bit unusual in the world as far as how we go about ensuring our population has a long-term savings plan for retirement. Changes to that system were proposed by the Albanese Government, but they were attracting a lot of negative attention, so on Monday, Treasurer Jim Chalmers announced a new approach. In this Squiz Shortcut, we’ll get you across the revisions, and what it might mean for your retirement nest egg. Squiz Recommends:  Reading: This analysis piece in The Guardian sums up why this week’s rethink of the super tax policy has called into question the government’s appetite for economic reform that comes with political heat. Email us: Got a topic you want us to tackle? Send us your Shortcut suggestions to ⁠⁠[email protected]⁠⁠.  ⁠Squiz Shortcuts⁠ is your back story to the big news stories… Want the email version? Sign up for the Shortcuts newsletter here Prefer to watch this episode? Check it out on YouTube here