In this week's Weekly Superannuation News Wrap, host Paige Estritori discusses significant updates in Australia's superannuation industry. The highlight is the Labor's decision to drop its 2023 tax changes proposal to tax unrealised gains, offering relief to self-managed super funds. From 1st July, 2026, a new policy will tax super accounts over $3 million an additional 15%, totaling a 30% tax rate. This move aims to reduce tax burdens on younger Australians and average-income workers. However, securing Senate approval for these changes presents a challenge. These developments don't fully address bracket creep concerns, and economists are keenly observing their impact on various consumer segments. For more industry news, visit the Financial Services Online website.

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