Time for super stability

Time for super stability

Superannuation & Retirement Income
Superannuants are feeling insecure about their nest eggs.

Superannuants are feeling insecure about their nest eggs.

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SPECULATION about further changes to superannuation on top of those proposed in the May budget is adding to the fear and insecurity felt by superannuants.

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SPECULATION about further changes to superannuation on top of those proposed in the May budget is adding to the fear and insecurity felt by superannuants.

While calling on the government to carefully consider the implications of the budget proposals, the Association of Independent Retirees (AIR) said it was imperative to stop the continuous fiddling with superannuation policy to provide certainty and stability for those in retirement and those planning their retirement.

Executive officer Sue Hart said confidence and trust in public policy had been badly eroded with the failure of federal politicians and their parties to end the attack on retirees' superannuation funds.

Ms Hart said ongoing speculation about possible changes, including increasing the non-concessional contributions cap from $500,000, added to retirees' fear and uncertainty.

She said changes to the retrospective cap for some superannuants and those who made their retirement plans under rules existing prior to the budget also fuelled uncertainty.

The organisation welcomed the reappointment of Kelly O'Dwyer as Minister for Revenue and Financial Services in the hope that it would "bring some consistency to the debate".

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