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Aussie super tax may be scrapped following election

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Wealthy Brits planning on emigrating to Australia may be granted a surprise reprieve from a hefty new pension tax, after the country’s governing coalition failed to secure a majority in the weekend’s general election. The new rule, announced by Australian prime minister Malcolm Turnbull in May, limited lifetime superannuation contributions…

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Click here to read the full story: FT ADviser

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