‘Could find itself worse off’: Super tax warning as retirees face major hit

Economist Shane Oliver warns proposed superannuation tax changes could leave self-managed super funds worse off and reduce the retirement savings of Australians. “A self-managed superannuation fund could find itself worse off,” Mr Oliver told News24 host Jaimee Rogers. “It could cost a 30-year-old worker $146000 at age 65 depending on how much they have invested in managed investment trusts.”