Retirees call on politicians to stop changing super

It seems retirees have had enough of politicians constantly moving the goal posts when it comes to their retirement, with the Association of Independent Retirees releasing its election policy priorities, which predominantly call on all political parties to stop causing anxiety for retirees by changing the rules of superannuation, tax and concessions on retirement incomes.

Wayne Strandquist, acting president of the Association, said with just under two million retirees who partly or fully self-funded their retirement, the greater majority were not wealthy, and found it difficult to make ends meet in the current climate.

“All retirees, who partly or fully fund their retirement, seek is a fair go and some independence in managing their lives, their health, and their retirement savings”, Strandquist said.

Related News:

Among its proposed policies, the Association called for no more fiddling with superannuation and retirement savings and to reduce the minimum superannuation drawdown percentage for those over 75.

As well, it proposed that self-employed workers or those with no superannuation should be able to transfer a capped value of their assets to superannuation with capital gains tax exemption.

It also refuted Labor’s proposed changes to negative gearing and called for the retainment of existing negative gearing arrangements on pre-owned investment properties.




Related Content

Super funds bounce back in February

Superannuation funds have come out of the December quarter market downturn in good shape, with February’s median balanced option’s return of 2.6 p...Read more

Industry funds reject grandfathering rebates

Industry funds group the Australian Institute of Superannuation Trustees (AIST) has flatly rejected the Government’s proposals to allow the payment ...Read more

Super fund members sticking to MySuper options

In the face of the policy emphasis currently on superannuation account consolidation, research by Vanguard has shown that very few people rollover the...Read more

Author

Comments

Add new comment