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Opt-out super is a tax grab in disguise

  Published: 21 Jan 2020

A RADICAL plan to tear down compulsory super would lump New South Wales workers with an extra $1.3 billion tax bill a year, new analysis reveals.

The tax grab, proposed by backbench Coalition MPs, would allow workers earning less than $50,000 to opt-out of their superannuation and take the money as wages now.

But Industry Super Australia (ISA) analysis released today reveals workers in the federal electorates of Sydney, North Sydney, Grayndler and Kingsford Smith would be lumped with the largest extra annual tax bill.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

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