The federal government is locked in a debate over whether to keep, delay or cancel a scheduled increase in the superannuation guarantee. The guarantee is legislated to rise incrementally from 9.5 per cent to 12 per cent by 2025.
Meanwhile, Victorian Liberal MP Tim Wilson is urging the Morrison government to allow young Australians trying to break into the housing market to tap into their super accounts early.
He has also criticised some of the findings from a 600-page retirement income review, which suggested rather than lifting the super rate, retirees should instead tap into the equity of the family home to fund their golden years.
In this episode, senior journalist Jacqueline Maley and senior economics correspondent Shane Wright talk through Mr Wilson's super plan and the impact on first home owners and seniors.
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