Is there any reason that you couldn't withdraw $10k or $20k under the government's plan tax-free, and then immediately recontribute $10k or $20k concessionally (as long as you are under the concessional limit) taking that contribution as a tax deduction?
Therefore you wouldn't lock in your losses and you'd still get a nice tax cut at the end of it?
I've crunched the numbers and from a Sole Trader perspective (especially one in the service industry) there has not been a lot of word from the govt about tax relief. Mainly large companies etc.
If you contribute concessionally it's a 15% Tax. If you take out 20k tax free at a marginal rate of 37.5% you'd save around 22.5% tax. (37.5-15%)
So around $4500 dollars tax savings. And you'd reinvest in your super at the same time preserving growth opportunities.
Here is the official fact sheet:
ATO Actually approves of this!!! From page 2 " He is also free to recontribute any unused amounts to his superannuation in the future (within
his contribution caps)."
AFR article about this: "TAX ACADEMICS" AKA ozbargain academics. Lol ANU ripped off my idea