Independent MPs representing some of the nation’s wealthiest voters have warned against another raid on superannuation, saying people had invested in good faith.
Independent MPs representing some of the nation’s wealthiest voters have warned against another raid on superannuation, saying people had invested in good faith and the government should focus on broader tax reform to balance the budget.teal independents took issue with the government going after individuals who had played by the rules.Jessica Hromas, Simon Schluter, James Brickwood
“At a time where we are constantly reminded of the growing pressures on the federal budget, I question whether the current structure of tax concessions is appropriate, given we spend more on them annually than the NDIS or the aged care system,” he said. “Can I be really, really clear about this? This is not about the government saying to any individual – a farmer, a small business owner, a factory worker, a teacher, a nurse – ‘you can only have this amount of money in retirement savings’,” he said.
“We haven’t ruled in or ruled out any particular model. What we are saying is fair dinkum, $100 million or more for retirement savings, you’re pulling my leg aren’t you?”Ms Spender said she would consider the merits of whatever the government proposed but said people had made decisions based on the law and in good faith.“It’s not dealing with spending either.”
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