One Nation says renters and mortgage holders should have early access to their super. Is it a good idea?
The party proposes splitting the 12% compulsory super payment so that 3% could be used prior to retirement.
Critics say it would just push up inflation Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast One Nation wants to let renters and mortgage holders take money from their superannuation to boost their pay packets.
The super industry says it would be “economically disastrous” and stoke inflation and both Labor and the Liberal party have said they don’t support the policy.
But economists say the superannuation system needs reform.
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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian Australia - Australia News.
