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Podcast: The Strategy Stacker - Luke Talks Money
Episode: Luke on 2CC – How is super taxed? What is the rate?
Description:
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Matters show which aired on Friday 10 March 2022. This weeks topic is: How is super taxed and what is the tax rate that’s applied. All working Australians have superannuation but do you know how the tax works? Key topics covered include:
Tax depends on the status of your account – are you in the working phase or retirement phase?
In the working phase, it’s a flat rate of tax – 15%
However, if you earn more than 250k, you’ll pay a higher rate – and additional 15%
If you howeve...