Treasurer says he spoke to former PM ‘half a dozen’ times before unveiling changes to his plans for superannuation tax concessions. Follow today’s news live
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Chalmers said the changes annouced yesterday are about making more equity in the superannuation scheme. He told RN:
What we did yesterday was we wound back some of the generosity of the tax concessions for the biggest balances at the same time as we increase the low-income super tax offset so that young people on low incomes can retire with more money. And this is precisely what we’re talking about when we’re talking about intergenerational equity.
I think people know that that’s a big priority for me, and that’s what these changes are exactly all about.
The objective here is a superannuation system which is stronger and fairer and more sustainable and which delivers a better outcome for those low-income workers, partly paid for by better targeting those superannuation tax concessions. And so we found another way.
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Source link : https://www.theguardian.com/australia-news/live/2025/oct/14/australia-news-live-jim-chalmers-superannuation-concession-tax-cybercrime-anthony-albanese-sussan-ley-coalition-penny-wong-israel-gaza-ntwnfb
Author : Nick Visser
Publish date : 2025-10-13 20:55:00
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