KITCHEN hands, hospitality workers, retail staff and cleaners are among those that will be hardest hit by the coalition’s plan to scrap the low-income superannuation tax offset, Superannuation Minister Bill Shorten says.
Mr Shorten said the super savings of 3.6 million Australians earning less than $37,000 will be $500 worse off under an Abbott-led government.
He said women made up 60 per cent, or 2.2 million of those affected.
“Mums working part-time while they care for young kids being hit with a $500 tax bill for contributing to her superannuation (is) not fair or smart,” Mr Shorten said, adding that women were already retiring with less money because of pay disparity and time out of the workforce to raise children.
Mr Shorten has released new figures with a breakdown of 20 occupations that will be hardest hit by the opposition’s plan.
These included retail staff, kitchen hands, hospitality workers, cleaners, receptionists, labourers, childcare workers.
“I’d rather see a $500 boost to the super account of a kitchen hand or a checkout operator or a farm hand than into Tony Abbott’s pocket,” he said.
Opposition Leader Tony Abbott has committed the coalition to scrapping the low-income superannuation tax offset funded by the government’s mining tax, which it wants to repeal.
The coalition is opposed to the federal government’s plan to impose a 15 per cent tax on superannuation earnings over $100,000, a measure likely to affect some 16,000 high income earners.
Mr Shorten said the government would find the money to make the super changes, even though the mining tax had raised significantly less revenue than expected.
“The mining tax was one source, but it wasn’t the only source,” he told ABC radio on Monday.
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