Tucked away in the maelstrom of Budget announcements is a measure which turns private pension funds into the financial equivalent of a magic pudding; valuable, inexhaustible and sheltered from tax until ready to be passed on to the next generation. Harry Chemay unveils the quadrella of self-managed superannuation lurks which favour wealthy retirees. While many Australians were looking for relief from cost of living pressures, wealthy retirees had another reason to celebrate the recently delivered Budget. It continues a measure that turns their private pension funds into the financial equivalent of a magic pudding; valuable, inexhaustible and sheltered from tax until ready to be passed on to the next generation.

Source: Forget the cash-splash for the poor, Josh’s Budget giveaway is super for the rich – Michael West Media