As of right now, this is my understanding:
For all those under 60 years of age -
a 15% tax on all ingoing super! / a 15% tax on all outgoing super!
For all those over 60 years of age -
a 15% tax on all ingoing super! / no tax on all outgoing super!
And, when over the 60 start line, you are able to have your entire salary paid into super (at 15% tax ingoing), and draw on it at no tax,
that equates to 15% income tax, in lieu of whatever you are paying now!
Cheers...FD...
