1 of 1
Story summary
- One Nation MP Barnaby Joyce proposes an early-access superannuation scheme for renters and mortgage holders.
- The plan would split the 12% super contribution, directing 3% to take-home pay taxed at 15%.
- Around 7 million Australians, about two-thirds of households, could qualify and a $90,500 earner would gain $2,300 annually.
- Association of Superannuation Funds of Australia chief executive Mary Delahunty says the proposal is economically disastrous and likely to raise inflation.
