Will these superannuation changes affect me?

The government has announced they want to tax earnings above $3 million in super at 30% instead of the current 15%. That's frustrating if you're one of the 0.5% of Australians with that kind of money in your account. But most of us don't have $3 million stashed away... actually the average account has a measly $150,000 in it. Forbes reports that by the age of 25-29, the average man will have around $45,100 in their super fund, and woman will have $39,400.

So... just who is affect by these new changes? Darcy and Sascha are joined by Nassim Khadem to unpack the answer.

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In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

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