John Fitzgerald has bought, sold and developed over 10,000 properties.
This second round hit to the savings of retirees and pensioners comes off the back of the $56 billion tax grab Labor outlined last month.
One man claimed $760,000 worth of deductions on a property he'd received $27,000 in rental income for.
The PM held a roundtable with retirees and pensioners impacted by Labor's policy proposal.
“I accept this will have adverse impacts on some people," Albanese said.
“You have paid tax twice on this, and we’re going to keep it. That’s not good tax design, that’s theft.”
There's not as much 'spending the kids' inheritance' going on as is popularly believed.
The produce can free up cash to supplement your pension or super income, but you need to beware of the risks.
The Aussie superannuation system is a 'savings trap' for many, according to experts.
It's a positive outcome for retirees and investors alike.