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The government is making practical changes to the design and implementation of its Better Targeted Superannuation Concessions (BTSC) policy in response to stakeholder feedback.
The measure reduces the tax concessions available to individuals whose total superannuation balance exceeds $3 million at the end of the financial year.
Further consultation will be undertaken with the superannuation industry and other relevant stakeholders to settle implementation.
Download the fact sheet to learn more about the key changes to BTSC.