KEY POINTS
- In Australia, you're forced to save some of your income in what's called superannuation, or super for short.
- Labor's plan is to double the amount of tax paid on superannuation earnings on balances over $3 million.
- Labor is proposing that those gains are taxed before the asset is sold.
📢 Where to Catch SBS Filipino
🔊 On Air – Tune in to SBS Filipino on radio stations across Australia and website live stream, and TV Channel 302 from 10 AM to 11 AM AEST daily.
📲 Catch up episodes and stories – Visit sbs.com.au/filipino or stream on Spotify, Apple Podcasts, Youtube Podcasts, and SBS Audio app.