From www.smsfadviser.com: The Grattan Institute’s Orange Book 2025 proposes policies that penalise high-income earners in the Australian superannuation system, creating inequities and disincentives for responsible saving.

Proposed measures, such as increased taxes on super balances exceeding $3 million and mandating annuity purchases, could reduce incentives for long-term savings and undermine retirement security.

Instead of imposing these punitive measures, policymakers should focus on creating a fair retirement framework that rewards individuals for their financial diligence.