Reporter: Ross Greenwood
Producer: Jo Townsend
In the brutal assessments of the election disaster for Malcolm Turnbull, many experts said the Coalition’s proposed changes to the superannuation system cost it desperately needed votes. The Prime Minister and Treasurer had claimed super was becoming a tax rort for the wealthy, and there wasn’t enough benefit for low and middle-income families. But fiddling with the retirement funds of any Australians is sure to raise tempers. And there’s an even bigger problem. Thanks to the new rules, and because we’re all living longer, most retirees will run out of money in their 70s and 80s, just when they need it most. In this special report for 60 MINUTES, the Nine Network Finance Editor, Ross Greenwood, questions the government’s motives in making the changes and says by going for broke, it risks making superannuation even more confusing for all Australians.
9 апр 2018
