The government has already put the cap of $1.6 on super annuities which will reduce the impact of Shorten's poorly targeted proposal to capture the high end of these annuities. Indeed, the money put back in accumulation phase to incur 15% pa tax will not even get that tax liability because the excess franking credits from the annuities can be used to pay off that 15%. lol. Stupid Shorten. So nothing to see here for the holders of mega multi-millions in super, they will continue not to pay any tax. lol
