xmas 2017 wings

xmas 2017 wings

newsheader2016

MAP slams super changes

The newly-formed Mature Australia Party is the latest to cry foul at the Coalition's crackdown on superannuation tax concessions.

The measures include limiting the tax-free status of retirement accounts over $1.6 million and changing transition-to-retirement arrangements.

Leading accounting body CPA Australia believes up to 30 per cent of its clients would be worse off, and there are reports of growing disquiet amongst the Liberal Party faithful after Malcolm Turnbull vowed to push on with the changes.

"It is absolutely iron clad," Mr Turnbull told radio FIVEaa in Adelaide on Friday.

Mature Australia Party's Tasmanian Senate candidate, Hobart-based Richard Temby, says it's a bad move.

"It's dealing with the future of a whole lot of people, and if their security is being hit, it's not a particularly smart thing," he said. 

"Apart from which, he's not really showing great care or respect to the people concerned in the way that he's doing it."

The aspiring Senator says he'd use his influence in the Upper House to overturn the measure, if necessary. 

"I'd be working very hard to make sure that savings are well and truly protected."

You may also like...

Ian Jones from Burnie Chamber of Commerce and Industry-November 21Ian Jones from Burnie Chamber of Commerce and Industry-November 21
Ian Jones has all the local events from Burnie Chamber of Commerce and Industry.  ...
More than a dozen dead in Morocco stampede More than a dozen dead in Morocco stampede
Moroccan state TV channel 2M reports that at least 15 people have died and five others have been injured in a stampede as food aid was being...
Aussie govts urged to sue tobacco firms Aussie govts urged to sue tobacco firms
Australia's state and federal governments are being urged to follow in Canada's footsteps and sue tobacco companies so they can claw back billions...
Talk Tech-November 20Talk Tech-November 20
If your going to a wedding Richard Pascoe has some suggestions on how you could do the photo experience just that bit better.  ...