Superannuation Taxation: less equitable, less functional

Abstract Introduction The changes made to taxation of superannuation, which commenced on 1 July 2007, are a boon to those over 60 years old, but unless your marginal tax rate is greater than 15 per cent they do  not make superannuation any more attractive attractive as a savings vehicle. In addition, the changes have less obvious effects: First, the changes diverge from the basic design principle underlying taxation of superannuation,…