While various bits of middle and lower class entitlement have had their indexing fiddled with, the good times keep rolling for those with the spare cash to whack in a tax haven.

From July 1, those over 49 will be able to contribute $35,000 at a concessional tax rate and $180,000 of after-tax money.

Using the pull-forward option, that means a couple with some spare cash could plonk more than $1 million in their super tax haven and never have to pay tax on what the money earns or what the super fund pays subsequently pays out to them.

That's a better deal than anything available from shady Swiss bankers, Jersey, the Cayman Islands or any of the usual tax haven suspects. Even Google would be impressed.

Of course the catch is that you have to have a spare million, but that's your problem. The government can only do so much for the top couple of per cent.