Reported at johnmenadue.com: Analysts highlight the need for policy reforms to address the regressive nature of Australia’s superannuation taxation system, which is less progressive than personal income taxes.

Critics argue that these concessions disproportionately benefit higher-income earners, with the top 10% receiving a significant share of the tax breaks, leading to a “reverse Robin Hood” effect where resources are transferred from poorer Australians to the affluent.

The Albanese government has revised its estimates of Australia’s superannuation tax concessions, projecting a cost of $59.5 billion in 2025-26, up from an earlier estimate of $50.1 billion.