BT Financial Group chief, Brad Cooper, has entered the superannuation debate, amongst other things calling for retirees to start paying income tax on annual superannuation earnings of more than $150,000. From The AFR:
Mr Cooper will on Friday call on the Abbott government to restore the Low Income Superannuation Contribution it abolished and propose lower concessional tax rates for women to compensate for them being paid less. He will argue superannuation should be moved out of the annual budget cycle and in to the five-yearly cycle of the intergenerational report “to stop super being hijacked by the politics of the day”.
