Get your hands off our pension

By on April 8, 2013

Lucille Herrick

Lucille Herrick, Fifty Five, together with her affiliate Alex Bajric, Fifty Three, of Kurri Kurri throughout the Hunter Valley, NSW / Pic: Liam Driver Source: The Day-to-day Telegraph

ALEX Bajrick and Lucile Herrick have a message for the Gillard govt – “maintain your palms off our super”.

Whereas the Newcastle couple say they’ve no speedy plans to retire, they worry what the day past’s superannuation modifications suggest for them.

Mr Bajrick, Fifty Three, and Ms Herrick, Fifty Five, mentioned they serious about any possibility the federal government might dip into their superannuation savings pool.

“once we get nearer to retirement it is something to worry about – i do not like the speculation of the federal govt meddling,” Ms Herrick mentioned.

Nationwide Seniors chief govt Michael O’Neill welcomed the federal government’s plans Then Again warned they over again fell brief in addressing the quantity retirees can contribute to their retirement financial savings with no additional penalties.

Mr O’Neill said the $ 10,000 increase to the existing $ 25,000 superannuation concession cap for over 60 was once a good: “Alternatively it’s however $ 15,000 short of the $ 50,000 cap average earners had counted on closing yr and the federal executive had promised for 2014.”

The cap used to be halved in 2011 and prolonged for 2 years. It had been expected to rise to $ 50,000 in 2014 for folk aged 50 and over.


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