'All that is now at risk': Retirees vent their anger in super inquiry


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“You can talk to me up hill and down dale but you won’t convince me that it’s fair or sustainable for the tax office to write a multibillion-dollar refund cheque every year for shareholders who haven’t paid any tax for that year in the first place,” Mr Shorten told business leaders in October.


Retired academic Robert Morrison said he and his wife had calculated their share dividend tax refunds to ensure that they would avoid ever having to apply for a pension.


“We are far from rich, both being in receipt of the government’s health care card, which is only provided to those with an income low enough to be deemed worthy of support,” the 76-year-old environmental conservationist said.


Dr Morrison said the changes would be most felt by retired women whose super balances had suffered without paid maternity leave and a history of staying home to take care of children and older parents.


“In order to give [my wife] security, [we] established a joint self-managed superannuation fund so that she had as much protection as I did for our post-work years,” he said.

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