Millions to receive pay cut if Coalition abandons super guarantees: Shadow Minister by Sky News Australia on YouTube
Millions to receive pay cut if Coalition abandons super guarantees: Shadow Minister
Shadow Housing Minister Jason Clare says if the Coalition abandons legislated superannuation guarantees, 10 million working Australians would effectively receive a pay cut. The superannuation legislation was set to lift the rate from 9.5 per cent to 10 per cent next year, before contributions peak at 12 per cent in 2025. The Morrison government wants to “freeze the superannuation of ordinary Aussies while they rub their hands and take 15.5 per cent every year, Mr Clare told Sky News. "It’s not fair that politicians are getting almost double the amount of superannuation in percentage terms than the average worker”. Parliamentarians currently receive approximately 15.5 per cent in superannuation. The Shadow Housing Minister accused the Liberal party of freezing superannuation payments at every opportunity which arose. “Howard froze it, Abbott froze it and now Morrison wants to freeze it," he said. “The Prime Minister gets $84,000 a year in superannuation, the Treasurer gets $60,000 a year in superannuation, they get about as much in super as the average wage”. Image: News Corp Australia
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Shadow Housing Minister Jason Clare says if the Coalition abandons legislated superannuation guarantees, 10 million working Australians would effectively receive a pay cut. The superannuation legislation was set to lift the rate from 9.5 per cent to 10 per cent next year, before contributions peak at 12 per cent in 2025. The Morrison government wants to “freeze the superannuation of ordinary Aussies while they rub their hands and take 15.5 per cent every year, Mr Clare told Sky News. "It’s not fair that politicians are getting almost double the amount of superannuation in percentage terms than the average worker”. Parliamentarians currently receive approximately 15.5 per cent in superannuation. The Shadow Housing Minister accused the Liberal party of freezing superannuation payments at every opportunity which arose. “Howard froze it, Abbott froze it and now Morrison wants to freeze it," he said. “The Prime Minister gets $84,000 a year in superannuation, the Treasurer gets $60,000 a year in superannuation, they get about as much in super as the average wage”. Image: News Corp Australia
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