Advertisement
Subscribe

The economy explained. In your inbox twice a week.

The Money Edition

Super idea? Why One Nation and the Coalition want to unlock your super

7am

7am superannuation

One Nation is copping heat for a proposal that would let Australians take some of the money going into their super as extra pay instead.

For up to three years, renters and mortgage holders could choose to take home a quarter of the money that would normally be put into their retirement – worth about $44 a week for someone on the average full-time wage.

At the same time, the Coalition has been looking at its own ways to give people greater access to their super now – and some of its MPs want to go further.

Advertisement

So why is superannuation suddenly being pitched as an answer to Australia’s cost-of-living and housing problems? And is it a good idea?

Today, economist Greg Jericho, on the growing political fight over what our super should actually be for.

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

Socials: Stay in touch with us on Instagram

Subscribe here for our FREE Tuesday and Thursday newsletter

Topics: Coalition, One Nation, superannuation

Advertisement