Hairs split on big super plans
A major super fund says there is almost no difference between the major parties’ superannuation policies.
“When it comes down to it, there's not a great difference between the superannuation goals of the major parties heading into the election. Both aiming for fairer super,” says Geoff Brooks, CEO at Equip Super.
Mr Brooks says that Equip has told it members that both parties essentially commit to more evenly distributed superannuation benefits.
This mean that some concessions for Australia's wealthier superannuants and high income earners will be wound back.
Both parties have also pledged to provide on-going concessions for low income earners.
In the finance sector, one of the most-discussed topics in the election campaign so far has been the possible retrospective application of a reduced limit for after-tax (non-concessional) super contributions.