ACT Shadow Minister for Ageing Steve Doszpot has moved to protect the superannuation of Canberra’s seniors, especially self-funded retirees, from serious changes in tax laws that threaten thousands of Canberrans’ superannuation.
“Almost 20,000 Canberrans will be hit by Labor’s changes that would cut deep all across the Territory,” said Mr Doszpot.
“Despite promising to protect super, Labor has increased taxes on super by more than $8 billion, mostly targeted at low and middle income earners, in the last five years.
“After promising never to tax over 60s, Labor is now proposing to bring in a ‘back door’ tax for those retirees.
“Then, Labor slashed the concession caps from $100,000 to $35,000.
“The message is clear– super is under attack from Labor and Canberrans will be amongst the worst hit.
“I am determined to stand up and stop Labor taxing super. I will be working through any means possible both locally and with federal colleagues to protect the super of all those local people who have worked all their lives to prepare for retirement, or who are close to retirement now. We need to send a message loud and clear – hands off our super,” concluded Mr Doszpot.