Connect with us

National

Keating, Rudd warn government seeking to destroy superannuation – Sydney Morning Herald

The former Labor prime ministers have launched a blistering attack on the Morrison government for considering changes to legislated superannuation increases.

Published

on

“The government is gearing up to use the COVID health emergency to destroy the superannuation system. Not take a chink out of it, to actually destroy it,” he said.
He likened abandoning the increase while allowing people to pull up to $20,000 out of their superannuation accounts through the emergency early access scheme to taking the plug out of a bath and turning off the tap.
“They want to drain the money out of the bottom of the system and stop money come into the top of the system,” Mr Keat…

Click here to view the original article.