Plans to increase taxes on large superannuation balances will be refined after the federal government's initial proposal was criticised, especially by high net worth individuals.

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Long-touted reforms to double the tax rate to 30 per cent on super accounts above $3 million will remain in place, but a second threshold will be created for balances above $10 million, which will be taxed at 40 per cent.

The thresholds will also be indexed, following concerns the taxes would apply to more people over time due to bracket creep.

Unrealised capital gain

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