Media Release.
Tony Abbott confirmed again
yesterday he plans to scrap the Low Income
Superannuation Contribution worth up to $500 a
year for people earning up to $37,000.
Under Tony Abbott's plan 3.6 million low income earners, including 2.1 million women, would pay $4 billion more tax while people with millions in their super accounts would pay no tax.
Labor is the party of superannuation – we invented it, we have nurtured it and grown it, and we will always protect it.
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