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SG freeze 'a tragedy' for advice clients


SG freeze a tragedy for advice clients
SG freeze a tragedy for advice clients
An adviser has hit out at the government’s apparent plans to freeze the increase in the SG, saying such plans amounted to a “secret tax” on workers’ earnings and would not assist clients to save for other goals such as property ownership.
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Andrew Zbik of boutique Sydney practice Creation Wealth said the “political pressure” to halt the SG increase could create “a tragedy for the long-term wealth creation of individual Australians”.
Mr Zbik said freezing the SG would amount to a tax increase by stealth on the part of the government, given they would be collecting income tax on a greater amount of workers’ gross pay. ....

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Detailed text transcripts for TV channel - CNN - 20181208:13:54:00

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