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Super predicted to be key budget issue

Two-thirds of people believe that superannuation will be a key issue in the lead-up to the September 14 federal election, a new survey has found.

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Source: AAP


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More than half (57 per cent) of the 1000 Australians surveyed by Galaxy Research on behalf of superannuation fund Sunsuper, said they are concerned that rumoured super changes in the May budget will negatively impact them in retirement.

Sunsuper's Teifi Whatley said the survey highlights concerns about the constant tinkering to the superannuation system.

"These results send a message to all political parties that Australians are taking notice of the rumoured changes to superannuation, and this is eroding their confidence in the system

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as a way to save for their retirement," Ms Whatley said in a statement.

Baby boomers (76 per cent) are the most concerned about rumoured budget changes, such as cutting back on super tax concessions.


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