You'd think hitting $3 million in super would be a sign you've

made it. But under Labor's new laws, it just makes you

their number one target. They try to tax you on money

you haven't even made yet, unrealized gains. The ATO billing

you for a number that only exists on a spreadsheet. They

backed down on that, but what they passed is a direct raid on

your retirement that kicks in July 1 this year.

I'm Matthew Fraser, an eight-figure entrepreneur and seven-figure crypto

investor. Today, I'm walking you through exactly what they tried, what

you're now stuck with, some of the positive changes from

July 1, some of the carrots they're dangling that didn't exist before, a

real $4 million SMSF couple example,

why holding $4 million in Bitcoin inside your SMSF changes

the game completely, and what this means for retirement in 10 or

20 years plus the average super balances and

the brutal reality of living on the age pension. So let's

start with what Labor actually tried to do by screwing

us. Treasurer Jim Chalmers and the Greens wanted to

slap an extra 15% tax on earnings

for any super balance over $3 million. But

here's the brutal part. They wanted to tax unrealized

gains, yeah? Now what this means is if your Bitcoin or

property went up in value on paper, Even

if you didn't sell a single Satoshi or brick, the

ATO would come knocking for tax as if you've cashed

it in, right, or sold the asset. Now, this is straight socialist

theft, also known as wealth distribution and what Jim

calls reducing intergenerational inequality.

They were going to punish success, force people to sell assets

just to pay the tax bill. and basically raid

the retirement savings of everyday hardworking Aussies

who just built something. So imagine you're working your

ass off for decades, stacking in your SMSF, and

then Albo's government taxes you on the gains that

only exist on a spreadsheet. So it's theft dressed up

as fairness. The toxic greens cheated on because they

hate anyone who's done better than them. Pure anti-politics.

Now thank God enough backlash made them back down. But

don't kid yourself, this was their real agenda. Now

here's what actually passed in March 2026 with full Greens

support. And you know, I absolutely despise

the Greens party and what they stand for. So no more taxing unrealized

gains, they killed that part off, but they still hit

you with an extra tax on now realized gains. So

here's the breakdown. Balances over $3 million get

hit with an extra 15% tax, right? So it's

now 30% on that portion, and

over $10 million in your super, an extra 25%, so

total of 40%. Where do they even make these numbers

up? It's absolutely ridiculous. So the thresholds are

indexed to CPI now, which is the only small win, as

they weren't indexed before. So this is a stealth inheritance

tax, and no one is even talking about this. But think

about it, you want to leave money to your future generations.

This is stealing from them. So it erodes your super pot every

single year now with the gains that you make. So there's less to

pass on to your kids or live off in retirement. It

kills the incentive for you to save more. And why bother busting

your guts now to grow your super? when Labor and

Albo just want to take more of it and the more successful you

are, the more they take. So this is Labor's rigged

system at work. Punish the productive and those

who take risk, reward the dependent. the

people that don't take risks, the people just want to stick their head in the sand, they're

the ones that now get a free pass. This is classic socialist

playbook. But it can't all be higher taxes, right? They have to

have something they can promote within the media as

to helping the people. Now, let's be fair. So Labour and

the Greens are handing out some carrots from July 1 that

didn't exist before. Now, here they are one by one. The

first thing is payday super. Employers

now have to pay your super on the exact same day they

pay your wages. Now when I say exact same day, within seven business

days or thereabouts. So no more quarterly delays because

previously you could get your super paid quarterly by

the employer. So your money starts compounding now, weeks

not months earlier. So less unpaid super, better

retirement outcomes for everyday workers. And this is genuinely new

and helpful for some. Although I can tell you, as

an employer, it's a admin nightmare. And I

do fear that those small business operators who

won't be able to keep up with the admin burden and extra

costs just to facilitate now a weekly or fortnightly

superannuation payment. So number two, is

higher contribution caps. So you've got concessional, which

is before tax caps, that jumps from $30,000 to $32,500. And

what that means is you can now just put in above your

standard superannuation that comes generally from your pay, you

can now add in $32,500. So $2,500 more than what you could before,

okay? You've also got on top of that, if you've got extra lump

sums of money, non-concessional, so after tax contributions.

That's going from $120,000 to $130,000. And you can bring forward rule now up to $390,000 over three years,

right? So extra money can go in to your super. you

can actually put more money in tax advantage now. So that

is the benefit. The third bonus is the transfer balance

cap is up from $2 million to $2.1 million.

And that means once you reach preservation age 60, you

can now roll in from your accumulation pot into

your pension phase pot. $2.1 million now

instead of just $2 million. You're going to have more room

to bring more money in, more to live on, and it is tax

free. The fourth bonus, you now get super

on government paid parental leave, which is really taking

money from the taxpayers to give to other taxpayers, right? And

that's new from July 1. If you're on the paid parental leave,

the government now pays super on top. So small, but

real win, especially for mums. Because of course, if they're not

working, they're not getting super. And we do want them to have

a decent retirement. Hey guys, just quickly, this episode is

brought to you by CoinStash, the Australian exchange I personally use

to invest my SMSF into Bitcoin and crypto. Now,

CoinStash is Australia's leading SMSF crypto exchange built

for investors just like you. What really sets them apart is

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dealing with real people and that makes all the difference. So if

you're ready to take control of your crypto super and make your SMSF

crypto journey smooth sailing, hit the link in the show notes and

book a free call with the CoinStash team today. Now, Back

to the episode. All right, let's give you a practical example now. Say

you and your partner have $4 million in an SMSF, right?

So this is two people now. They've got $2 million each to $4 million.

They've just turned 60. One of you has the bulk in

accumulation or pension phase. Now, under the old rules,

earnings in the pension phase were completely tax-free. You

could draw down comfortably no extra tax. But

now, the portion above $3 million gets

hit with this extra 15% tax on realized

earnings, right? So if you're getting it through dividends or

you're selling the asset. So assume 7% annual growth,

which is pretty standard for balanced SMSFs. On the $1 million

excess, that's about $70,000 in

earnings. So you pay now tax of $10,500 every

single year, straight out of your retirement income. And

over 20 years, that compounds to hundreds of

thousands of less dollars in your pocket. It's

going straight through. to Albo and the Labour Party. So

post-60, you're meant to be enjoying the fruits. Instead,

you're funding Albo's spending while your nest egg shrinks

faster. It's brutal, right? And it's something that didn't exist

before. So now, some might cheer this on. I've seen

it in social media posts and on some of the comments on

my YouTube channel. People are saying this is brilliant, we're happy

if people who have that much in super have to pay more

tax. But my personal view is the government should

not steal people's retirement savings regardless of

the balance. But that's just me. So now contrast that with

$4 million in Bitcoin inside your SMSF.

The previous example was just in your standard shares

that are diversified across different companies, right? So

this time, just Bitcoin. So Bitcoin growth inside your

SMSF is still only taxed when you realize or

sell and draw it as income post 60. So

no annual tax on unrealized gains anymore under the new rules. And

the concessional environment still applies until you hit the

threshold triggers. But here's the

real power. Bitcoin's volatility and long-term

upside mean you control when you sell. So there's

no forced tax on paper gains. So when you

do sell post 60 for income, it's your call. And

the overall tax hit is often lower than

traditional assets getting hammered yearly by the Division 296, which

is this extra tax that Labor and ALBA are

now imposing on everyday Australians above this $3 million threshold.

And this is all because your traditional assets produce a

yield that is taxed every year. and then taxed

again when you sell. Don't you love it? So

outside super, it's even cleaner in some ways. You get

the full capital gains tax discount on personal holdings, but

no ongoing fund tax. But inside an SMSF, you

get the 15% concessional wrapper until the

new rules bite. So either way, Bitcoin is

the hard asset that protects you from this socialist raid.

Fiat super gets eroded Bitcoin, however, multiplies,

and that's sovereign wealth. So consider this, in 10 years,

everyone with a growing super over 3 million, which let

me just say this, most people with inflation, and we're

seeing it right now with the rising cost of fuel, everything

will be pushed up, right? So incentives to contribute more, they're

now gone, right? So in 20 years, the average retiree

will have less real wealth because this stealth tax

compounds. Now I call it a stealth tax, but really, it's a theft

of retirement savings. And your kids' inheritance will

be far less. which is a big problem because I can tell you

right now, most people want to leave some form of

generational wealth for their kids and their grandkids. The

system forces people onto welfare. Classic big

government outcome. More dependents on Albo style

handouts. Okay, let's break down some numbers in retirement because

right now the average Aussie at retirement, which is 60 to 64, has

about $396,000 for men and about $313,000 for women, right? So in a combined couple, around $700,000. Now,

the Association of Superannuation Funds Australia says

you need $630,000 as a single or $730,000 as a couple. So a lot of people are

way off, right? And that's just to have the

top tier of what they call a comfortable lifestyle,

which means you own your own home, but wait for it, you're

still going to have to be on a part pension, right? Not exactly the

best retirement outcome, but this is what most people are

in for at a comfortable lifestyle level. But guys, most people

are nowhere near the level they need to be at. And the

new taxes make catching up even harder. So if you're not on track,

it's time to take back control. Now, if you end up on the full-age pension,

singles get about $1,200 a

fortnight, which is roughly 31 grand a year. And a couple

combined, around $1,800 a fortnight. Now

that's rent, basic food, maybe one

coffee a week if you're lucky. This is what Labor's policies

push more people toward while they tax the successful

ones even harder. And look, if those numbers make you realise that

the system isn't going to save you... You're exactly right.

Building real wealth outside of super means finding

the right opportunities. But I understand look, building real wealth outside

of super means finding the right opportunities. And a

lot of people don't want to have to go and find the opportunities. They

much rather just have their superannuation sitting in the standard

industry fund is ticking away at seven and a half percent a year

because It's just too much effort. They literally just

want to stick their head in the sand. But I'm trying to tell you I'm giving you

the numbers so you can wake up and realize that doing nothing

is no longer an option. We unfortunately, it's the system we

live in. You're forced to go outside. the

standard superannuation system and look at alternatives so that at

least you can have a decent retirement. Even if you're not

thinking about creating generational wealth for your kids

and your grandkids, forget about that for a second, just make

sure that you can actually live comfortably in retirement, right?

So guys, look. I know if you're seeing those numbers, you're thinking shit,

I've got to do something about it. Right. And I understand too, that

building real wealth outside super means finding the

right opportunities. Okay, but the crypto market is overwhelming. For

most people, I get it. They make mistakes, they get burnt. And

that's where our sponsor, Imperial Wealth, comes in. They have a 35-person team

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Let's wrap it up. So Labor and the Greens have opened the door to

raiding your super. And even with a few positive

changes thrown in, don't wait for them to take

more. Finally, I would still prefer,

right, above everything else, I know I've given the doom and

gloom of this, however, I would still

prefer to aim for $100 million in my

SMSF and have the problem of paying tax if

and when I sell, rather than doing what some

people say, try and keep your super under $3 million,

cap it, yeah, so I can pay less tax. Now look, I get

it, it sucks and I freaking hate what the government has done. And

I hope the new government rolls this theft

policy back completely once they take over

the joint. So guys, stack Bitcoin inside

your SMS theft, self-custody it, use it

to build real sovereign wealth. All

right, guys, that's it for this episode. If you want to get more information on

building sovereign wealth within your SMSF, join the

Crypto Collective. It's Australia's fastest growing free crypto community

right now. And drop a comment below. Let me know, what

are you doing to build generational wealth? Or are you

just simply focused on just getting to the next day and maybe having

a decent retirement? All right, take care. Hey, thanks for tuning into

Crypto Collective. If you enjoyed this video, the best way

to show your support is to subscribe to the channel, or if

you're listening on Spotify, leave a five-star review. It really helps me

to create more content just for you. Also,

if you're ready to level up your crypto journey, make sure to check

out CoinStash. It's the platform that I trust to buy,

sell, and hold crypto with ease. You can also find more

of me at I'm Matthew Fraser on all social