The debate over superannuation tax changes continues. However, strong speculation that the Government would impose tax on superannuation withdrawals by those over 60 was effectively quashed on Wed 6.2.2013, when the Prime Minister told the House of Reps that “the Government reaffirms that it will never remove tax-free superannuation payments for the over-60s”. Ms Gillard was referring to the commitment made by then PM Rudd and the Treasurer in May 2010 when the Government released the Henry Tax System Review.
[LTN 25, 7/2/13]