Greg Jericho

“On 28 February 2023, the Treasurer said, ‘Labor’s unfair super tax on unrealised capital gapes would apply to’ Around 80,000 people.” Does the Treasurer stand by that number?”

Not sure what Wilson is on about here – other than he thinks he is really good at asking questions.

The 80,000 numbers is still pretty much the ballpark number – and it remains around 0.5% of everyone with super. It might be a slight touch bigger now given we’re using 2022-23 figures.

Nine media reports ASFA using ATO tax stats to find that “about 77,400 – or more than nine in 10 affected individuals – have super balances of more than $3 million but less than $10 million.

The remaining 7 per cent have between $10 million and $50 million banked up in super, while about 100 Australians – less than 1 per cent of those affected and less than 0.005 per cent of the population – have nest eggs exceeding $50 million.”

Wilson is probably trying to suggest that in 30 years this will rise to 10%? But given he has not followed up his question with a “gotcha” question. I remain mystified by his point.