Older Australians support tax increase on high super balances

A recent survey reveals that a majority of older Australians support the government's plan to increase taxes on high superannuation balances. The survey, conducted by National Seniors Australia, found that approximately 57% of respondents aged 50 and older back the proposed tax increase on super balances exceeding $3 million. This policy, affecting a small percentage of savers, has sparked debate. The survey also highlighted varying levels of confidence in the fairness of the superannuation system among different demographics, while a large majority recognize the importance of saving for retirement.