Skip to Main Content
Goverment coat media
Media Releases

Out of touch Coalition MPs push workers towards a retirement in poverty

  Published: 22 Jun 2020

Monday 22 June 2020

A SMALL band of Coalition MPs want to slash up to $200,000 from the savings of Australian families.

Using the Coronavirus caused downturn as cover, the backbench MPs, have called for the legislated super rate increase to be scrapped or frozen – a move which would see a couple on average wages lose between $150,000 to $200,000.    

More than 170,000, mostly, young Australians accessing their super early through the emergency early release scheme, have wiped out their savings. The only way to now avoid the long-term legacy of this downturn being a generation of Australians who have lost their savings and are forced onto the pension, is to stick to the already legislated super rate increase.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

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.