Episode Details

Today, I want to talk about something that's really flying under the radar—but it shouldn't be.

Imagine being taxed on money you haven't actually earned. Not on rent you've received, not on a capital gain you've banked, but just on the increase in value of an asset you still hold. Sounds crazy, right?

Well, that's exactly what the federal government's proposed new tax on superannuation above $3 million aims to do—taxing unrealised capital gains.

And while they say it'll only affect a handful of wealthy Australians today, the truth is—because that $3 million cap isn't indexed to inflation—it could very well affect many, many more of us tomorrow.

Worse still, it sets a precedent. If the government can tax you on unrealised gains in your super, what's to stop them doing the same outside of super? To your investment property? Your business? Your share portfolio?

So today, I've chat with Ken Raiss, Director of Metropole Wealth Advisory and Australia's leading property taxation strategist. We unpack exactly what this policy means, why it matters far more than most people think, and what smart investors should be doing now to prepare.

Trust me—this episode isn't just about super. It's about the future of taxation in Australia. And whether you're a seasoned investor or just planning your financial future, you need to understand what's really going on.

Takeaways

· The proposed tax on superannuation targets unrealised profits.

· This tax could affect more Australians than initially stated.

· Investors need to be aware of the implications of taxing unrealised gains.

· The new tax policy may create a complex valuation process for assets.

· Property investors may face increased financial burdens as a result of this tax.

· Seeking expert financial advice is crucial in navigating these changes.

· The tax system's integrity is at stake with these new policies.

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