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One Nation policy will leave people $25k worse off at retirement, Mulino says

Superannuation is kicking off again today with One Nation pushing to allow people to divert 3% of their superannuation to their rent or mortgage.

It took us decades to get to 12% superannuation guarantee and that’s a level that will provide people with a high level of dignity and security in retirement.

To do what the One Nation party is suggesting will see somebody who is 30 years old, $25,000 worse off at retirement and a couple around $50,000 worse off.

I’m deeply sceptical of giving any government, whether I was in charge, or Anika Wells is in charge, I’m deeply sceptical of giving any government the power to decide what you read on your phone.