Three million?! Who the hell has that much?
At that point, 5% interest will give you an annual salary of $150k. You can comfortably live off that and never touch the Three Million!
this post was submitted on 05 Jun 2025
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150k won't be so much in 50 years of 4% CPI
Unless you are a teenager, you'll be retiring far sooner than 50 years. Less than 20, for me (hopefully).
This reform should go ahead. It's a no-brainer and the ALP has more than enough political capital now to do it, especially if they act quickly. About the only criticism I can see for this is the lack of indexation in the bill, but I have no doubt a future government will revise the threshold upwards (particularly if the LNP return to power in the 2030s).