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Liberals to introduce superannuation tax for low income workers

May 24, 2013

Chris Hayes MP, Federal Member for Fowler, strongly criticised Tony Abbott’s plan to introduce a 15% superannuation tax on workers earning less than $37,000 per annum.

Part-time workers including apprentices, students, mothers and the elderly working in retail and hospitality industries will be some of the hardest hit.

"22,800 workers in Fowler alone live on a taxable income of less than $37,000 a year. These are the people who are struggling to pay off a mortgage, young people putting themselves through university and TAFE and new mothers.

"Occupations with highest proportion of part time and casual staff including shop assistants, waiters, bartenders and cleaners are some of the hardest to do and lowest paid jobs in our society", Mr Hayes said.

"Instead of making it easier for those who are already struggling to juggle study or parenthood with part time work, this move would make it more and more difficult to save for a decent retirement.

"Figures also show that a quarter of electricians in our local area will suffer under this plan. One of my son’s is an electrician and I know the job requires years of study and apprenticeship followed by years of hard work", Mr Hayes added.

Chris spoke with Matthew Chadwick, who is currently completing his electrician apprenticeship program about the difficulty of studying and working.

"Young people who are trying to do the right thing in juggling work and study should be encouraged and rewarded later in life instead of being made to struggle into their senior years", Mr Hayes added.

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