Treasurer Scott Morrison outside The Treasury as part of a media opportunity in Canberra, Saturday, April 30, 2016.
Treasurer Scott Morrison outside The Treasury as part of a media opportunity in Canberra, Saturday, April 30, 2016. AAP Image - Mick Tsikas

Morrison confirms wealthy Aussies will pay more tax on super

TREASURER Scott Morrison has confirmed wealthy Australians will pay more tax on their superannuation, as he frames his first budget in the shadow of an election.

"We'll be ensuring that we better target the concessions that are there in superannuation, we've said that for some time," Mr Morrison said.

"I don't think there's any great secret about that, the details of those things we'll deal with on Tuesday night.

"But it's important that we get these incentives right because superannuation is so important for Australians and for their future and we need to make sure that those concessions are well targeted."

Mr Morrison has discussed the possibility of changing high-end superannuation concessions before, but this is the first time he has confirmed they will be targeted in the budget.

Read more at ABC News Online


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