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Fairer Super

There has been a lot of confusion since the launch of this campaign, mostly caused by lazy journalism and deliberately misleading talking points from the Coalition.

GetUp isn't proposing touching any money currently invested in superannuation, and we certainly aren't calling for a "smash and grab" on anyone's savings. Nor are we calling for superannuation accounts to be retrospectively taxed

GetUp is campaigning for tax concessions on voluntary contributions to be removed. That means super contributions made by the wealthiest Australians would be taxed just like regular income.

The current tax concession laws are like a gift into the pockets of the wealthiest Australians, payed for by the taxes of low and average income earners. That's not fair.

We're proposing a change that would affect only the wealthiest Australians to make superannuation more equitable for everyone.

In fact, the cost of tax concessions given to the wealthiest 10% far exceeds the cost of just paying them the age pension.

Don't forget to sign the petition to let cabinet know that you support changes to make superannuation fairer and more equitable using the handy tool on the right.

We have released a report in conjunction with The Australia Institute to detail the inequities of the current system. The report relies on facts and analysis, rather than fear-mongering soundbites, to explain our position.

Super For Some Report

You can watch GetUp National Director Sam McLean explain GetUp's position with Fairfax here

Employers are mandated to put a standard 9% on top of our salaries into our superannuation, designed to support us when we retire. We are free to put additional money into our super too. The government also contributes, only in a slightly different way. Instead of contributing cash directly, the government allows us to contribute some of the money we owe for tax into our super accounts.

Now, here's where the problem is. The percentage of their tax bill that high-income earners are allowed to keep is far higher than low-income earners. In fact, the bottom 10% of earners can get absolutely no help with their super from the government, while the top 10% are allowed to keep over $15 billion. This is money that could otherwise be spent on healthcare, education, infrastructure or any number of worthwhile areas.
Great question, it doesn't make sense to us either. Australia's wealthiest few will retire handsomely regardless of the additional concessions given to them. The money the government is choosing to give these people needs to be redistributed to areas in real need.
Of course. No one is saying the money our most wealthy people put away for retirement should be anything other than theirs, 100%. What we do believe is that these people do not need any additional help, certainly not the billions and billions of dollars they are currently receiving.

This money needs to end up in areas where it is needed most.
The government contributes to our super by allowing us to keep some of the money we would otherwise have spent on income tax.
In some circumstances, when people choose to make voluntary contributions beyond the standard 9% to their super, the government will also contribute additional money. This is called a co-contribution.

A tax concession is when the government contributes to our super by allowing us to keep some of the money we would otherwise have spent on income tax.


Current superannuation tax concession laws are unfair and unacceptable.

Australia must change current superannuation laws which provide the greatest benefit through tax concessions to the wealthiest Australians while the least well off get nothing. This money must be distributed to those who will struggle to get by in their retirement, or to areas like education, health, infrastructure and renewable energy production.

I urge you to follow through on your intention and make big changes to superannuation to make the system fairer and more equitable in the budget this May.