More than 7,200 Indi residents, many who are seniors, would be hit by Labor’s retiree tax under a Bill Shorten government, Australian Taxation Office data shows.
Liberals candidate for Indi Steve Martin said a vote for an Independent was a vote for Bill Shorten – which would mean higher taxes on retirees, housing, incomes, investments, family businesses, superannuation, electricity and cars.
“Most people who are affected are on modest incomes. Some have expressed to me their concern about how they will pay their bills,” Mr Martin said.
”To make matters worse, many pensioners in Indi will also be hit.
“On average, older Australians would stand to lose almost $2300 every year, while those with self-managed super funds would lose around $12,000. Many older Australians will lose much more.
“Others say they’ll need to sacrifice things like going out of a meal, or contributing to local charities.
“We need a Government that encourages hard work and saving. As part of the Morrison Liberal Government, I’ll stand up for our retirees in Indi.
“Labor simply can’t manage money, so they’ll end up coming after yours.
“Everyone with a parent or a grandparent who is a retiree should also be worried for their family, under a Shorten Labor Government.
“The new tax on retirees is part of Labor’s $200 billion in higher taxes – on retirees, housing, incomes, investment, family businesses, electricity and cars.
“Labor’s attack shifts the goalposts on older Australians who have worked hard, paid tax all their lives and saved for their retirement.
“The Liberals are fixing the budget. We are lowering taxes. Labor wants to hurt Australians with higher taxes on small and family businesses, retirees, housing, income, investments, electricity and cars.