'Unfair and unsustainable': Grattan calls for much more radical super tax overhaul
At the same time, Grattan proposed expanding the low-income superannuation tax offset from a maximum of $500 to $800, while making it accessible to people earning up to $45,000 a year .
The institute also proposes lowering the pre-tax contributions cap from $27,500 to $20,000 per year, saving the budget a further $1.6 billion per annum. This would affect around 2 million retirees, but Grattan said around 70 per cent of the budget savings would come from the 20 per cent of highest income retirees.
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