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Members
Beware. The banks are coming after your super. Contact the cross-bench Senators before it’s too late.
Our not-for-profit system of
industry superannuation has seen workers retire on significantly larger nest
eggs than those who used superannuation schemes run by the banks.
But legislation is currently
before Federal parliament that would fundamentally change the nature of our
not-for-profit system of industry superannuation. That means more workers’
super contributions would be handed over to the banks. Which in turn, would
mean $267,000 less at retirement for a 25 year old earning $50,000 in 2010.
Taken as an income stream, it would be thousands of dollars less every year.
That would make a huge difference in retirement. Contact
the cross-bench Senators and tell them to vote to stop this.
The union movement built our
not-for-profit industry superannuation scheme. Now it is worth $1 trillion
per year the banking sector want to get their fingers on it. That
means more workers’ money diverted to corporate profits.
In union,
Emma Maiden Assistant Secretary Unions NSW |
Friday, November 20, 2015
Superannuation Attack
Thursday, November 19, 2015
Keep Super Safe Campaign
Australian Unions built the
most successful financial story in Australia – industry superannuation. Now
Malcolm Turnbull wants to dismantle it.
The Turnbull Government is proposing changes that will hand over our super to the big banks. I’m writing to ask you to contact the cross-bench Senators and tell them to vote to stop this.
Industry superannuation has low fees and high returns because they are run in the interests of their members, not to make profits for banks. All profits are returned to members, there are no sales people and it is secure. All of this is at risk if Turnbull succeeds in letting the big banks get their hands on our super.
If you’re young these changes will cost you the most. You could end up paying up to a quarter of your retirement savings in fees. We can’t let this happen.
After a lifetime of work and saving, you deserve better than that.
We built superannuation. Now we need to defend it.
Contact the cross-bench Senators today.
Ged
Australian Unions Team
http://www.australianunions.org.au/
The Turnbull Government is proposing changes that will hand over our super to the big banks. I’m writing to ask you to contact the cross-bench Senators and tell them to vote to stop this.
Industry superannuation has low fees and high returns because they are run in the interests of their members, not to make profits for banks. All profits are returned to members, there are no sales people and it is secure. All of this is at risk if Turnbull succeeds in letting the big banks get their hands on our super.
If you’re young these changes will cost you the most. You could end up paying up to a quarter of your retirement savings in fees. We can’t let this happen.
After a lifetime of work and saving, you deserve better than that.
We built superannuation. Now we need to defend it.
Contact the cross-bench Senators today.
Ged
Australian Unions Team
http://www.australianunions.org.au/
Monday, November 2, 2015
GST HIKE
The Multinationals and Co-operations in Australia who do not pay any taxes are the ones who should be paying up not our poorest workers.
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