Prime Minister must take a position on Super – now

Future retirees deserve to know what the new Prime Minister’s plans are for superannuation, says ACT Leader David Seymour.

“As the former Finance Minister, Bill English knows that the numbers don’t stack up for keeping the superannuation age at 65. So why is he being so coy about his plans?” says Mr Seymour.

“He’s taken a step in the right direction by dropping John Key’s pledge to retain the age. But it’s also created serious uncertainty for savers. When it comes to long-term issues that affect people’s saving needs, certainty is vital.

“Savers deserve to know what age they will be eligible for superannuation. That’s why ACT has called on the Government to take a position immediately – so workers can plan for retirement now instead of having the rug pulled out from under them later on.

“It makes no political sense to wait until the election campaign to address such a controversial issue. And it makes no moral sense to kick the can even further down the road while costs intensify.

“Labour have confirmed they won't touch the issue. Prime Minister English knows the right thing to do, but for some reason ACT is the only party clear on what needs to be done.

"Raising the age of superannuation at a pre-determined time in the future won't affect current retirees. What it will do is ensure fairness for young taxpayers who know superannuation is currently unsustainable."

ENDS

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