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Australia to Reduce Tax Breaks on Pension Earnings
MarketWatch
Apr. 5, 2013
"Under the plan, designed to save about 900 million Australian dollars (US$940 million) over four years, the tax-free threshold on earnings from pension assets will be capped at A$100,000. Earnings above that level will be taxed at 15%. Currently all earnings from assets that support retired Australians, such as dividends and interest, are exempt from tax."
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