Bill Shorten's retiree tax huge concern at Forum

Christian Porter and Minister O'Dwyer Retiree Forum 2.JPG

Retirees from all over the Pearce electorate joined Federal Member for Pearce, Christian Porter and the Hon Kelly O’Dwyer MP, Minister for Revenue and Financial Services, at Belvoir Homestead for a Retiree Forum.

“I am proud that, together with the Chamber of Commerce and Community, we were able to bring the Government’s expert on superannuation and retirement, Kelly O‘Dwyer, to hear from hundreds of people in our community,” Mr Porter said. 

“There was a great response to the Retiree Forum – thank you everyone for participating and sharing your stories.

“There are thousands of retirees in Pearce and the Liberal Government’s reforms are making planning for your retirement easier.

“We are protecting Australian’s hard earned money by getting rid of excessive fees and insurance premiums and making sure that lost and unclaimed superannuation funds go back into your pocket.”

“We are also ensuring funds take the time to consider the needs of their members when they are in retirement, not just while they build their nest egg” 

Minister for Revenue and Financial Services, Kelly O’Dwyer, said she wasn’t surprised at the number of people who were concerned by Labor’s latest tax grab.

“Bill Shorten has a plan to slug retirees with his mega retiree tax. In the Pearce electorate alone there are more than 3,500 people who will be directly impacted if it comes to pass,” Minister O’Dwyer said. 

“Labor’s retiree tax is grossly unfair – it takes money from the pockets of low-income earners and retirees.

“Tax refunds from share dividends are relied on by many retirees to help pay their bills and Labor’s retiree tax punishes independence and hard work.

“Self-funded retirees who have paid taxes and saved all their life for their retirement will have their tax refunds stolen. It’s enough to make them think what’s the point in trying to be self-sufficient?”

To stop Bill Shorten and Labor’s retiree tax go to www.christianporter.com.au/labors-retiree-tax/