The Albanese government is understood to be signalling that the $4.5 trillion superannuation sector will keep its existing 33% capital gains tax discount on earnings.
In the May 12 federal budget, Labor is expected to scrap the 50% CGT discount for individuals on property, shares and other assets held for more than 12 months.
The government is tipped to revive the Keating-era pre-1999 inflation indexation model for personal capital gains.
Superannuation already benefits from its own CGT concession, and industry sources say there has been no indication this will be altered.
Industry figures, who have been briefed privately, say the reform focus is squarely on personal investors rather than on superannuation funds.
Government contacts have reportedly stressed that super funds should expect a low-drama budget without major structural shifts directly affecting their tax treatment.
That reassurance lands in a sector dominated by union-aligned industry super funds, which traditionally maintain close ties to Labor.
Sources suggest those relationships are helping keep super’s concessions off the chopping block, at least for now.
