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New sting in super tax as pension payments to count

Summary by Stockhead
In a move likely to infuriate older investors, pension payments will be included when the government calculates the amounts owed under the new tax on super savings. Under current arrangements, older investors with super savings must, by law, make a drawdown of set amounts each year. These amounts must then be used to underpin private pensions. But in a surprise outcome under the so-called Division 296 measure, investors who are caught in the new…
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Stockhead broke the news in on Wednesday, July 9, 2025.
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