Most Aussies want federal politicians\' generous super slashed

 

More than half of all Australians believe federal politicians’ superannuation contributions should be cut from 15.4 per cent to the standard 9.5 per cent if the expected super rise does not go ahead, according to research commissioned by Industry Super Australia (ISA).

The Super Guarantee (SG) is legislated to increase from 9.5 per cent to 10 per cent this year before hitting 12 per cent in 2025, however Prime Minister Scott Morrison has flagged it is under consideration due to the economic impact of the pandemic.

ISA deputy chief executive Matt Linden says any move to delay the super boost is the “essence of hypocrisy” given the “good wicket” MPs are on.

“The community clearly sees through it - they can smell the hypocrisy a mile away,” he told the Herald Sun.

“We know every time the super guarantee has been frozen, workers have not got a magic wage rise.”

A spokesperson for federal superannuation minister Jane Hume says the rise is still due to go ahead mid year.

“The government has always been cautious through the course of this pandemic to make decisions at a time when the information is at its best,” the spokesperson said.

Federal backbencher Tim Wilson says he would be “happy to have a higher salary” if his super rate is cut.

“Super is forgone wages, so increasing super will cut take home pay, and cutting politicians' super will increase their take home pay by around $12,500 a year,” he said.

Do you support the increase in the Super Guarantee? Do you believe pollies' super should be cut so it is the same as for the general population?

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