National Seniors Australia has a long and proud history of being the leading consumer voice for the over 50s on issues surrounding superannuation and retirement income policies.
In 2013 we stepped up our campaign to limit the Federal Government from interfering with people’s retirement nest eggs.
There has been widespread speculation that the government is considering changes to the taxing of superannuation and the way people withdraw their lump sum payments.
National Seniors has made strong representations to the Minister for Superannuation and reiterated that any changes to the system will have widespread implications for many nearing retirement.
Some of our greatest lobbying wins involve changes to retirement incomes, such as an age pension increase in 2008 and only last year when the government announced it would abolish the age limit on the superannuation guarantee.
In July 2013 the policy that allowed employers not to pay superannuation for workers aged over 69 was finally abolished.
National Seniors lobbied the government for an increase in the superannuation guarantee from 9 to 12 per cent to boost retirement savings.
Another aspect of superannuation we are concerned about is the gender divide, as research shows only 24 per cent of women expect to have $500,000-plus in super compared to 53.3 per cent of men.
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