Superannuation tax changes: Industry calls for halt to unrealised gains tax for self

The superannuation industry has called on the government to abandon plans to tax unrealised gains in self-managed funds and index the $3 million threshold as part of its super tax rethink , but the Coalition vowed to continue opposing any tax hike until the proposal was scrapped altogether.

The government went to ground on Friday after The Australian Financial Review reported it had hit pause on its long-held plans to impose an extra 15 per cent tax on earnings of superannuation balances above $3 million , including on unrealised gains, as it contemplated changes to the controversial proposed division 296 tax. Loading...