Episode 41 - Chalmers Backflips on Super – Common Sense or Damage Done?

Chalmers Backflips on Super – Common Sense or Damage Done?

The Treasurer’s done a U-turn and it’s shaking up Australia’s super system.

Back in May, Jim Chalmers announced plans to tax unrealised gains on super balances over $3 million.

Fast forward to October, and he’s walking it all back.

No tax on unrealised gains. The $3 million cap is now indexed.

But the damage to public trust? That’s another story.

In this episode, Matt McCabe breaks down:

💥 What’s changed and why it matters

💥 The new 30% and 40% tax tiers

💥 How younger Aussies were almost dragged into the “rich list”

💥 Why this backflip proves the super system is political football

💥 What smart investors and retirees should do next

🎧 Listen now to hear why this “win” for common sense might have come too late for everyday Australians.

Hosted on Acast. See acast.com/privacy for more information.