Proposed super reforms spark lost confidence fears

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Key figures within the superannuation industry have expressed concerns about the government’s proposed reforms – including fears Australians may lose confidence in the super system.

The concerns follow Treasurer Jim Chalmer’s interest in capping multi-million-dollar account balances.

The Self-Managed Super Fund Association has warned the proposed changes to concessions could discourage Australians from making voluntary contributions. Former ASIC deputy chairman Jeremy Cooper has also warned pushing super funds to invest in national priority areas could artificially inflate the economy.

 

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you do realise you wouldnt have super if it werent for Labor!

I know I have.

“Key figures” Ah…no.

Oh for goodness sake! Some perspective here please ……

'Key figures'?

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤮🤮🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤮. Nah.

only the rich ones. so who cares?

If people lose confidence in Super it will be through the continued gaslighting & white anting by organisations such as supporting a position that is defending 0.5% of the population with balances greater than $3mil. auspol

HS

what is'PROPOSED' is a return of the beneficial limit that existed in the original Super before Costello & Howard removed it so the wealthy could obtain a tax funded addition to their wealth. No proposal to take wealth over $3m just pay tax on the investment return.

I already have no confidence in the ‘super system’ particularly if wealthy greedy Australians are rorting it to avoid taxes. The taxes the rest of us have to make up for…..

Bremenlady1 All those less than 1%ers are screaming loudly. 🤣

Well they don’t have to put their millions in there if they don’t want too!

Sky news Australia’s most damaging, disgraceful commentators-paid big bucks to indoctrinate & turn peoples minds to your lies & misinformation-Keating capped super & Howard removed it for the greedy-Labor build national policy &LNP destroy the integrity -Super & Medicare auspol

Can’t trust Labor. Unfortunately too many Australians have been brainwashed by them

‘Key figures’ meaning Rupert Murdoch.

Why are all members of NewsCorpse organised Crime Syndicate & sundry businesses, so terrified of everything? They should take a deep breath and consider that historically, Labor govts lift all boats & achieve great outcomes for all. When Lib Crim orgs feign panic, just ignore😀

You can't loose what you never had.

More Sky 'Super' propaganda

You mean rich people

Labor is doing a great job on super, hopefully they stop the stage 3 tax cuts too!

Im more confident in the super system.

Best picture you could find of the Treasurer was it?

Don’t go overboard there. I’m surprised you couldn’t find someone to claim that it threatened the end of times…

The Self Managed Super Funds Association. Who would have thought.

News Corpse The Stinking Rotten Propaganda Unit of the LNP

Yawn. Conflict of interest since they derive an income from the super industry.

Key figures-John Howard said Peter Costello.

go after that single person's $500+ million super account. another 15% tax, get $75 m back for the taxpayers.

Yeah sure… this literally affects no one but carry on

Who? What key figures? You have such a history of making stuff up, no-one is going to believe this.

NewsCorpse aka LNP mouthpiece says Australians may lose confidence in the super system but it was ok when Fukmo et al made people withdraw their cash to survive during the pandemic. Oh we also had the Prayer Room King, Tim Wilson, telling people to ditch super to buy a house.

I call bullshit.

That's laughable. After years of bagging Super, now you reckon THIS will make people lose confidence? 🤣🤣🤣🤣🤣🤣

Which key figures? Alan Bolt and Peta Credlin perhaps?

Rich ppl worry too much.

Rilly ?

Sky news wants to protect Robert

Another beat-up by the rich to try and persuade government not to remove tax benefits for the very rich. Sky will do all they can to protect the perks of the mega rich.

Who are the 'key figures'? SkySpews often refers to these phantoms to justify their lies and fear mongering. They are LIARS.

you want 25,000,000 people to subsidise 11,278 rich LNP donors, how about you get in the bin

Total BS

So who were the key superannuation figures you don’t quote? But you name a well know RWNJ

Why wld they lose faith? Only those who have been using at as a tax haven wld.

I'm not waiting, out it comes

It's mad that Australians subsidise millionaire's tax consessions more that we pay for pensions.

Are those “key figures” prepared to tell us what their super balance is ?

MILLIONAIRE KEY FIGURES within the superannuation industry … fixed it for you 👍

Are the 'key figures' those with millions in their Super?

Is that key figures in the retail funds side of the business. One of the worst super investment I ever made was a retail fund. Shifted to industry super in quick time.

The rich got most of my tax. From the last government. So I've no problem with this government trying to get it back .

Ie key figures in the retail super funds.

Key figures Sky ? Would they be the the figures with Super balances over $3 Mill ? Asking for a homeless friend......

Key Figures!! name them. Sky as usual; innuendo, quoting without naming a source. Absolute Bullshit.

They are a bunch of crooks! Labour why don't you tighten up the union owned and run super before you start on SMFS etc.

Why sal sac if you keep changing the rules

Name the key figures if you can but I think it's FAKE NEWS from Murdoch MEDIA again

“Key figures” = “the handful of ultra rich conservatives we shill for are upset they won’t be able to exploit the system and steal millions of regular taxpayer funds anymore.”

Lost opportunity to pay minimal tax is what is driving the uproar about changes to super!

Codswallop! Other than the SMSF superannuation executive then who else? Name them! And who cares for that matter what they think, vested interest at all?

and Meghan Markle said what?

Ha ha- what key figures? Let me guess - a couple of the 11,000 who have $5mil plus in super?

That’ll be the private funds again.

You have flogged this horse to its death - yet still nothing on the criminal robodebt and it’s instigators

Can the rhetoric get anymore ridiculous than this 🙄

Blah blah....gaslight blah blah.... Regular people with less than 3 MILLION in super WILL NOT be affected MurdochGutterMedia just won't stop MurdochRoyalCommission now

What an utter non story..

I don’t think they are concerns… I think they are self interests.. chalmers is looking after all Australians, not just the 0.1% 👍

Boo, I’m scared If you want some really scary tune into the RobodebtRC That’s if you chickens at sky, news are allowed to . It’s a gripping story of government, mismanagement, and cover-ups resulting in a couple of thousand Australians, dying and many of those from suicide.

Especially when it won’t affect AlboMP and his $400,000 a year pension for life.

FL480

Superannuation was designed to help the lower working classes, not the rich

Sky is the lie in the sky...as always

If the ‘reforms’ are confined to capping super that will be tax free, then it will curb those who chase super as a tax avoidance opportunity.

'Key figures' .... Sky commentators elevating there own status along with a former ASIC hack. Right.....

These 'Key Figures' SkynewsAustralia mentions have Superannuation in excess of $3M, so will be affected by taxation on earnings. The rest of us will not be taxed. Myth busted.

Key figures ? Love the way this news channel never uses a name or even any relevant name . Saves them getting sued and it’s just made up anyway .

It ain't working...time to bring out Sussan Ley so we can have a laugh

Lies,full B.S

another thought bubble explodes..........enough

Typo Key figures within the millionaires club for scumbags have expressed concerns about the government’s proposed reforms – including fears they may lose there nest egg hidden in the super system.

What % of Australians would THAT be There are 23.2 million Super accounts...

MurdochSewerageCo 🖕

BS. Majority see that the tax break for these large balances unjust.

It’s not the cap people should be concerned about, it’s all the so called other ‘reforms’ including plans to redirect super money to govt pet projects. This is not their money it’s ours, they can keep their grubby hands off it

Doesn't matter or affects less than 1% of the population. People that don't need any generosity at the expense of those less will off. They can suck it up

🤣🤣🤣🤣

Albo lied to get into Govt He is Dividing Australia with the Voice And he is opening up Class Warfare with Superannuation Changes Broken promises 1-2-3-4-5-6-7-Etc-Etc

Get rid of compulsory super. Its just a honey pot for labor. There own words

How many people have super valences over 2 million ?

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Jim Chalmers shouldn’t be telling Australians ‘how to live’ in their retirementShadow Assistant Treasurer Stuart Robert says Treasurer Jim Chalmers shouldn’t be telling Australians “how to live” in their retirement following a push for superannuation changes. “The greatest cause of poverty in later years is not having a roof over your head,” Mr Robert told Sky News Business Editor Ross Greenwood. “House ownership is critical. “Australians have to have choice, it’s their money … it’s not the governments'.” All true believers believe in Comrade Jim! Chalmers Communist Clown Shadow of a man Roberts - hypocrite tried to tell people who owed nothing how to live through robodebt Blah,Blah, Blah Jim Chalmers!!! noplanjim notoomanypoorpoliticians
Source: SkyNewsAust - 🏆 7. / 78 Read more »