CUTTING YOUR SUPER INCREASES

The amount of superannuation you are entitled to receive on top of your salary will rise incrementally over the coming years from the current rate of 9.5% per year all the way to 12% by 2025.

This is called the ‘Superannuation Guarantee’ and is already law.

This means more money for your retirement, to help ensure you and your loved ones can live comfortably and enjoy doing the things you look forward to in retirement.

Some Federal politicians are currently considering cutting these super increases - denying you much needed money to enable a comfortable retirement.

This cut could see the average worker $1,500 worse off every year. The average couple could lose up about $170,000 by the time they retire.

The Government needs to stick to its word and increase the super rate to 12% by 2025, as is already locked-in law.

Federal politicians already pay themselves more than 15 % super. They aren’t cutting their super, tell them not to touch yours.

WORKING LONGER AND RETIRING WITH LESS

When your superannuation rises to 12% it will mean you have greater control over when you retire, and more choice about how you live in retirement.

If this rise in superannuation is cut, it will affect 8.7 million Australians.

Research shows 70% of retired couples will not meet the standard for a comfortable lifestyle.

This means you could need to work longer or risk retiring with less.

For many Australians this will likely mean an increased reliance on the pension just to get by. This also means a higher pension bill that every Australian will pay for in the long-term through higher taxes.

Tell Federal politicians you have worked hard and deserve a comfortable retirement.

SELL ASSETS TO FUND RETIREMENT

Home ownership plays an important role as a pillar of financial security in retirement.

However, some politicians are using a recent government report to suggest that retirees should be expected to sell the family home to fund their retirement.

If Australians do not have enough savings to retire comfortably, they could be expected to sell the family home to fund their retirement.

No one should have to choose between a comfortable retirement and home ownership.

Our super system must provide for a decent standard of living in retirement - and ensuring the super rate increases to 12% is critical to this.

Tell Federal politicians the family home should not be for sale.

MAKING YOUNG PEOPLE CHOOSE BETWEEN SUPER AND A HOUSE

A 30 year-old on the median wage could lose about $85,000 by the time they retire if the super increase is cancelled.

In addition, some Federal politicians want young people to have to choose between their super savings and a house. This is a trade off no previous generation has had to make.

Getting into a first home is really tough for lots of reasons but telling young people they should raid their super will turn housing affordability toxic.

It will jack up house prices, only to put a huge hole in the long-term savings of young Australians, which we’ll all pay the price for through higher future pension payments.

These same politicians must find other solutions for increasing home ownership rather than making young people raid their retirement savings.

Politicians don't have to choose between their super and a house, why should young people?