Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

What is Labor's superannuation policy, and why is it stirring controversy?

super

Source: AAP

Labor's changes to the way superannuation will be taxed has caused an uproar in parts of the community. The policy isn't new, so what's the big deal about it now? And what do the changes actually mean?


KEY POINTS
  • In Australia, you're forced to save some of your income in what's called superannuation, or super for short.
  • Labor's plan is to double the amount of tax paid on superannuation earnings on balances over $3 million.
  • Labor is proposing that those gains are taxed before the asset is sold.

📢 Where to Catch SBS Filipino

🔊 On Air – Tune in to SBS Filipino on radio stations across Australia and website live stream, and TV Channel 302 from 10 AM to 11 AM AEST daily.

📲 Catch up episodes and stories – Visit sbs.com.au/filipino or stream on Spotify, Apple Podcasts, Youtube Podcasts, and SBS Audio app.

📣 Follow Us on Social Media – Stay updated by following us on Facebook and Instagram.


Share

Follow SBS Filipino

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

SBS News in Filipino

Watch it onDemand

Watch now