{"id":630026,"date":"2026-09-20T00:18:13","date_gmt":"2026-09-20T00:18:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/630026\/"},"modified":"2026-09-20T00:18:13","modified_gmt":"2026-09-20T00:18:13","slug":"one-nation-super-policy-could-cut-retirement-savings-by-50-billion-according-to-analysis-by-labor","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/630026\/","title":{"rendered":"One Nation super policy could cut retirement savings by $50 billion, according to analysis by Labor"},"content":{"rendered":"

New analysis of One Nation\u2019s superannuation proposal shows the policy could see up to $50 billion diverted from retirement savings, according to Labor.<\/p>\n

The analysis, provided to News24.com.au, draws on ATO and APRA data showing 14 million people with $130 billion in employer super contributions in the year to June 2026.<\/p>\n

Labor estimates that if the seven million workers eligible for One Nation\u2019s super policy tap into the scheme, $16 billion in super contributions could be withdrawn in a single year.<\/p>\n

The figure could blow out to almost $50 billion over three years, according to the analysis.<\/p>\n

Treasurer Jim Chalmers has framed the analysis as evidence the proposal could materially reduce retirement savings.<\/p>\n

\u201cOne Nation\u2019s super heist would rip off Australian workers to tune of $50 billion,\u201d Mr Chalmers said.<\/p>\n

\u201cIt\u2019s now beyond doubt that the Liberals, Nationals and One Nation are all hatching a plan to cut your super.<\/p>\n

\u201cThis will end super as we know it and make Australians poorer. It means less money and less economic security for millions of Australians in retirement.<\/p>\n

\u201cOne Nation, the Liberals and Nationals hate super because they hate workers. Labor is cutting income taxes for workers, boosting wages and strengthening super.\u201d<\/p>\n

In response to the Treasurer, Ms Hanson said Mr Chalmer’s “incompetent economic management” was responsible for the cost of living crisis”.<\/p>\n

“Now he wants to deny you a choice that could help you get through it. What does losing your home do to your retirement, Jim?” she said.\u00a0<\/p>\n

“Our Super Pay Boost would let eligible renters and mortgage holders take a quarter of their future compulsory super contributions as take-home pay for up to three years, with no additional tax.<\/p>\n

“That\u2019s about $44 more a week for a worker earning $90,500, or $82 for a working family earning $168,000 between them. When you\u2019re counting every dollar to keep a roof over your head, that\u2019s real help.<\/p>\n

“Now he\u2019s acting like a sock puppet for big superannuation funds on Lonsdale Street.”<\/p>\n

\"One<\/p>\n

News24.com.au recently revealed One Nation\u2019s shock plan to change the compulsory superannuation system.<\/p>\n

The proposal would allow people paying rent or a mortgage to divert one quarter of their future super contributions into their take-home pay for up to three years.<\/p>\n

Under the proposal, employers would make the full 12 per cent super contribution, but three per cent could be received as wages, with 9 per cent going to super.<\/p>\n

Pauline Hanson said the measure would allow workers to access more of their own money while facing cost-of-living pressures.<\/p>\n

\u201cOne Nation will allow you to choose to receive one quarter of your future compulsory super contributions in your take-home pay,\u201d Ms Hanson said at the time.<\/p>\n

\u201cSuper is currently 12 per cent of your wages. Your employer will still pay the full 12 per cent.<\/p>\n

\u201cBut if you take the boost, one quarter of this contribution will be paid directly to you by your super fund. And you won\u2019t be slugged with your normal income-tax rate.\u201d<\/p>\n

One Nation estimated a full-time worker earning about $90,500 could receive around $2,300 a year, or $44 a week, in additional take-home income.<\/p>\n

After the announcement, Labor attacked One Nation, accusing Ms Hanson of \u201ccoming after\u201d people\u2019s superannuation.<\/p>\n

Mr Chalmers claimed One Nation has sought to dismantle the entire superannuation system.<\/p>\n

\u201cPauline Hanson and One Nation confirmed they will go after your super,\u201d Mr Chalmers said in an email to supporters.<\/p>\n

\u201cThat\u2019s what we\u2019re up against at the next election. One Nation, the Liberals and the Nationals, all lining up against your super.\u201d<\/p>\n

Ms Hanson later accused Mr Chalmers of being \u201cfull of s***\u201d in a social media post about his criticism.<\/p>\n

\u201cOne Nation doesn\u2019t support scrapping super, we just think people should be able to use their super when in financial distress instead of losing their home,\u201d she said.<\/p>\n

\u201cLabor would rather you end up homeless. We don\u2019t expect you to chip in anything to our campaign to do the right thing by Aussie families.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"New analysis of One Nation\u2019s superannuation proposal shows the policy could see up to $50 billion diverted from…\n","protected":false},"author":2,"featured_media":630027,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[267446,267417,267459,267456,267435,267415,267447,267463,267436,267437,51139,267400,265950,155347,3914,46679,267404,265955,245508,267464,267438,236074,249689,267443,267462,267432,241371,4409,267461,267429,24095,267419,72734,23133,72,20147,267403,267460,267458,25025,267401,3244,42328,176,144806,267441,2453,267453,61,135457,60,50761,196240,1630,267448,267412,117788,267410,27501,267426,267431,267450,267433,267422,267454,132670,267445,267427,267414,267405,229138,2096,174,175,7119,1611,1830,267408,4626,176499,4627,267424,267425,266227,267451,267440,267416,267406,267434,267420,267430,267411,267409,265993,267457,48902,267423,265980,267407,203942,136876,267439,243148,267418,265886,265925,267428,261326,143955,178120,267444,22122,6936,267442,267402,267421,267452,267455,267449,267413],"class_list":["post-630026","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-s-proposed-changes","tag-s-shock-plan","tag-s-super-heist","tag-s-super-policy-tap","tag-s-super-proposal","tag-s-superannuation","tag-s-superannuation-proposal","tag-130-billion","tag-16-billion","tag-50-billion","tag-51139","tag-14-million-people","tag-265950","tag-155347","tag-3914","tag-46679","tag-a-full-time-worker","tag-a-mortgage","tag-a-plan","tag-a-single-year","tag-a-social-media-post","tag-a-week","tag-a-year","tag-about-90","tag-additional-take-home-income","tag-almost-50-billion","tag-an-email","tag-analysis","tag-around-2","tag-ato-and-apra-data","tag-auspol","tag-aussie-families","tag-australian-workers","tag-australians","tag-business","tag-cent","tag-cent-super-contribution","tag-compulsory-superannuation","tag-cost-of-living-pressures","tag-doubt","tag-employer-super-contributions","tag-employers","tag-evidence","tag-finance","tag-financial-distress","tag-his-criticism","tag-homeless","tag-housing-stress","tag-ie","tag-income-taxes","tag-ireland","tag-jim-chalmers","tag-june-2026","tag-labor","tag-less-economic-security","tag-less-money","tag-millions","tag-more-problems","tag-most-people","tag-mr-chalmers","tag-ms-hanson","tag-nationals-and-one-nation","tag-new-analysis","tag-news24-com-au","tag-no-eligibility-requirements","tag-one-nation","tag-one-nation-super-policy","tag-one-nation-treasury-spokesman-barnaby-joyce","tag-one-quarter","tag-our-campaign","tag-pauline-hanson","tag-people","tag-personal-finance","tag-personalfinance","tag-rent","tag-retirement","tag-retirement-savings","tag-snapp-politics-generic","tag-super","tag-super-contributions","tag-superannuation","tag-supporters","tag-the-analysis","tag-the-announcement","tag-the-boost","tag-the-compulsory-superannuation-system","tag-the-entire-superannuation-system","tag-the-figure","tag-the-full-12","tag-the-liberals","tag-the-liberals-and-nationals","tag-the-measure","tag-the-nationals","tag-the-next-election","tag-the-policy","tag-the-proposal","tag-the-right-thing","tag-the-scheme","tag-the-seven-million-workers","tag-the-time","tag-the-year","tag-their-future-super-contributions","tag-their-home","tag-their-own-money","tag-their-super","tag-their-take-home-pay","tag-this-contribution","tag-three-years","tag-treasurer-jim-chalmers","tag-tune","tag-up-to-three-years","tag-wages","tag-workers","tag-your-employer","tag-your-future-compulsory-super-contributions","tag-your-normal-income-tax-rate","tag-your-super","tag-your-super-fund","tag-your-take-home-pay","tag-your-wages"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/630026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=630026"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/630026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/630027"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=630026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=630026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=630026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}