Sign the petition today to support hard working retirees and tell politicians - HANDS OFF OUR SUPER!
When it comes to planning your retirement, you need certainty. So when politicians keep rewriting superannuation laws and moving the goalposts, it suddenly makes your hard-earned retirement less certain.
Labor's proposed changes to superannuation will scrap the imputation tax credit rebate for anyone not receiving the aged pension. What does this mean?
- It means that 1.1 million Australians who have spent their life working hard in order to save for retirement will be worse off.
- It means that 610,000 retirees on the lowest annual incomes will lose an average of $1200 per year, money they need desperately in order to not be forced onto the aged pension or supported by family members.
- It means that self-funded retirees will need an extra 9% in their superannuation fund in order to retire with the same income.
- It means that thousands of retirees will be forced to rely on the aged pension, placing an even bigger strain on Australian taxpayers.
It means that self funded retirees will be double taxed
Self-funded retirees are respected members of our community. They are our parents, our neighbours, our footy coaches; and they are the ones who will be affected by this. They are people who have scrimped and saved their whole lives to be totally self-sufficient, and for some reason they are the ones being punished. Will you or someone you know be affected by these changes? If so, we implore you to take the time to join our campaign.
We need your help to ensure that hard working retirees in Australia are not slogged with yet another unfair tax. Sign our petition to tell the government, hands off our super!
"If the government continues to take from self funded retirees, more and more of us will have to depend on the government to live." - Marie
"Constant tinkering with the rules on retirement savings and superannuation, and hitting retirees hardest, will only erode confidence in the system, leaving more Australians reliant on the age pension." - FSC CEO, Sally Loane