A$6 tax cut equals $30 retiree saving - ASFA

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AUSTRALIA - The Association of Superannuation Funds of Australia (ASFA) said the removal of the contributions tax would benefit retirees far more than it would cost government.

ASFA said the cost to the government of completely eliminating the contributions tax would equate to around $3.3bn. The cost of a $6 per week tax cut would be approximately the same. Thus if gov...

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