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Earnings over the new threshold would be taxed at 15% in the retirement phase.
The new $1.6m cap will limit taxpayer support for tax-free retirement phase accounts.
People currently enjoy tax-free earnings from super accounts in the retirement phase.
"Automobiles, washer-dryers and other appliances have become commodities in their retirement phase.
The same is true during the accumulation phase and even more so during the retirement phase when there is no tax on earnings," the review said.
"With Australia's ageing population, more individuals will enter the retirement phase where no tax is paid on earnings in superannuation funds," it says.
Similar(34)
Labor has already made an announcement with carefully calibrated measures that scale back tax concessions for high wealth and high income earners in both the contributions and retirement phases," the shadow treasurer, Chris Bowen, said.
Corporate tax and VAT will rise, privatisations will be pursued, public sector pay lowered and early retirement phased out.
Such programs are characterized by a set of actions and activities for people in the near-retirement phase, whom are those retiring within 2 to 5 years.
During this pre-retirement phase, individuals with cancer were three and a half times more likely to have stopped work compared with an age and gender-matched group from the general population.
However existing studies focus on broad age ranges (>40 years) and are not specifically focused on older adults in the peri-retirement phase and therefore it is necessary for research on the influences on nutrition and physical activity behaviours to take into account the specific life-stage context [ 24].
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CEO of Professional Science Editing for Scientists @ prosciediting.com