Older Australians support higher taxes on large superannuation

A majority of older Australians support the government's plan to increase taxes on high superannuation balances. This follows a survey revealing 57% of seniors endorse the proposed tax hike. The federal government aims to raise taxes on super balances exceeding $3 million from 15% to 30%, affecting approximately 0.5% of savers. The survey of 3,000 people aged 50+ found broad support for equity and sustainability in the super system. The survey also revealed concerns about fairness, particularly among women and those with less formal education. The opposition continues to push for early access to super for housing, despite warnings.