How the two major parties stack up on super and retirement: pre-election score card
The Australian Institute of Superannuation Trustees – the peak body for the $1.4 trillion profit-to member super funds – has released a pre-election score card comparing key policies impacting on superannuation and retirement outcomes.
The score card highlights that Labor’s policies will have more positive impact on superannuation and the retirement outcomes for most working Australians.
AIST CEO Eva Scheerlinck said Labor’s package of reforms – which includes reforms to improve women’s balances, addressing unpaid super and reducing tax concessions for high income earners – would improve the fairness and sustainability of Australia’s retirement income system. Key Coalition superannuation policies were more limited and would largely benefit wealthier individuals with the means to make voluntary contributions, Ms Scheerlinck said.
SOURCE: Mirage News. “Election score card – superannuation.” Mirage News, MAY 15, 2019.
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