Seniors Party call for Govt to stop interfering with super
THE Seniors United Party of Australia called today for Governments of all persuasions to stop interfering with the rules around superannuation and to reverse the announced changes in the recent budget.
Spokesperson for the party and NSW Senate Candidate, Mr Chris Osborne, called for the Government to "take their grubby hands off our money".
"Every Government keeps eyeing off our retirement nest eggs which are tied up in superannuation as some form of pot of gold which they think they can dip in to when they stuff up the economy", he said.
Mr Osborne said that the Seniors United Party totally opposes the decision to backdate a lifetime cap on contributions to superannuation to 2007.
"What Morrison and Corman have done is that they have reneged on the long-standing convention that no major changes to superannuation would be applied retrospectively," Mr Osborne said.
"And the government whoever it is after July 2nd to drop this provision as soon as possible".
Mr Osborne also said that the changes to the Transition to Retirement Scheme which would see earnings taxed for the first time was just a silly decision.
"This change is completely dumb as what will happen now is that there will be a flight of money out of these schemes as to tax the earnings on the pension side will be a complete disincentive for employees over 55 to take this scheme up", he said.
"And this was a scheme to help employees move from full-time employment to part-time prior to their retirement so that the transition was much smoother".
Mr Osborne said that the Seniors United Party of Australia opposes any further changes to superannuation until a full independent and external inquiry is held on retirement income.
"What employees and the superannuation industry need is stability and surety so that they can plan for their retirement without the fear and uncertainty of repeated and ever changes rules from the Government of the day", Mr Osborne said.
Chris Osborne NSW Campaign Manager NSW Senate Candidate