Member for Barker Tony Pasin is holding a series of meetings around the electorate of Barker to inform retirees or those planning retirement about the Labor Party’s planned tax on retirement savings.
“If Bill Shorten and the Labor party are successful at the upcoming Federal Election their increase in taxes will hurt retirees and low income earners by abolishing tax refunds for share dividends,” Mr Pasin said.
“It will punish those who have worked hard to be self-reliant,” Mr Pasin said.
Currently when retirees and low income earners get a refund on share dividends, it is because the tax has already been paid by the company.
Labor’s planned tax will impact 900,000 individuals, 200,000 self-managed super funds and 2,000 super funds. This includes almost 7,000 people in Barker who will be worse off.
“Make no mistake; most people affected are not wealthy. In fact, 84 per cent of people who would be impacted are on taxable incomes below $37,000,” Mr Pasin said.
Mr Pasin said he is holding forums around the electorate to help people understand more about how this retiree tax will impact their income.
Forums will be held:
|Monday 15 April 10.00am to 11.30am City Hall, Commercial Street East, MOUNT GAMBIER||Wednesday 17 April 10.00am to 11.30am Murray Bridge RSL, 2 Ross Road, MURRAY BRIDGE|
|Thursday 18 April 10.00am to 11.30am Lacepede Bay Motel, 1 Marine Parade, KINGSTON SE||Tuesday 30 April 10.00am to 11.30am Waikerie Bowling Club, 25 Sichler Street, WAIKERIE|
|Tuesday 30 April 2.00pm to 3.30pm Renmark Bowling Club, 146 Cowra Street, RENMARK||Friday 3 May 10.00am to 11.30am Nuriootpa RSL, 7 Memorial Avenue, NURIOOTPA|
RSVP directly to email@example.com or by calling the Barker electorate office.
Media Contact: Charlotte Edmunds 8531 2466