Forced super payments absurd

With few exceptions, private sector employers have responded quickly to federal super legislation changes by giving their employees the flexibility to avoid the penalty tax provisions and the new 15 per cent surcharge on taxpayers with incomes above $300,000.

Indeed, there is a huge incentive for employers to do so because of the cost savings from not being responsible for running company super funds as well as the after-tax cashflow benefits to employees.

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