Super policy — spot the difference
A major industry superannuation fund has declared that, on the available evidence, there is little to separate the major parties on superannuation policy.
Equip Super executive officer, Geoff Brooks, has pointed to the fund's assessment of the superannuation policies stating, "When it comes down to it, there's not a great difference between the superannuation goals of the major parties heading into the election. Both aiming for fairer super".
Equip Super has told its members that, in general, both parties were committing to more evenly distributed superannuation benefits — something which meant winding back some concessions for Australia's wealthier superannuants and high income earners, while providing on-going help through concessions for low income earners.
It said the hottest topic for debate since the election campaign began in earnest had been the retrospective application of the new, lower limit for after-tax (non-concessional) super contributions.
The fund then went on to compare the positions of the major parties.
Sources: 2016 Federal Budget; Australian Labor Party website; The Greens website.
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