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Australia to Reduce Tax Breaks on Pension Earnings
MarketWatch Link to more items from this source
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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