Skip to Main Content
Opt-out super is a tax grab in disguise image
Media Releases

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.

Got a topic you'd like to read about?

Thank you for your topic suggestion.

The message has been sent succesfully, check back soon to find if we wrote about the topic you suggested.

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details:

To learn more about one of the Industry SuperFunds below click on their logo.

I'M READY TO CHOOSE A FUND