Australia Today: $3.75 billion hit to retirees and pensioners

Newsroom24x7 Network Canberra: Labor’s bungled and damaging retiree tax just gets worse, with new data showing the proposal would rip $3.75 billion out of 2.6 million APRA-regulated superannuation member accounts, including those held by pensioners despite Labor’s so-called ‘pensioner guarantee’. Labor’s proposal does not exempt pensioners whose APRA-regulated super funds […]