The Coalition will restore certainty in superannuation for workers and retirees in Lindsay by ruling out any negative, unforeseen changes to superannuation in the next term.
“It is clear that Julia Gillard, Wayne Swan and David Bradbury are planning superannuation tax increases in the May Budget andif Labor is re-elected, they will introduce more taxes on superannuation. When it comes to super, Wayne Swan has form having already increased super taxes by over $8 billion,” said Fiona Scott.
“Labor has a $120 billion budget black hole and has refused to rule out more superannuation tax increases after the next election. Lindsay retirees, and those approaching retirement need certainty. I believe that we should be encouraging people who save for retirement rather than penalising them.”
Ms Scott said the Coalition has made a clear commitment in its Real Solutions plan there will be no negative unexpected changes to superannuation in the next term.
“I repeat Tony Abbott’s pledge for the record and so the workers and retirees of Lindsay can hold me to account – a Coalition Government will not make unexpected changes that are detrimental to superannuation in the next term.
“I call on the government and Mr Bradbury as Assistant Treasurer to come clean about their plan for superannuation. My concern is that Labor will say one thing before the election on super, and do another after the election – just like Julia Gillard did with the carbon tax.”
Ms Scott said the government also needed to come clean about the low income superannuation contribution.
“Labor promised a low income superannuation contribution as part of ‘spreading the benefits’ of the mining tax. Instead, the mining tax has raised next to nothing and the Budget continues to languish in deficit. There is no doubt Labor will scrap this superannuation benefit.”
Ms Scott said the Coalition would scrap the mining tax and any ‘spending’ linked to the mining tax and that includes the low income superannuation contribution – the difference is that the Coalition is being up-front about it.
“Restoring confidence in superannuation is a key part of the Coalition’s Plan to deliver a strong and prosperous economy.”