Tony Abbott has vowed no increased taxes on superannuation under Coalition Government

Tony Abbott has vowed no increased taxes on superannuation under Coalition Government
Tony Abbott has vowed no increased taxes on superannuation under Coalition Government

Tony Abbott has vowed there will never be any increased taxes on superannuation under a Coalition government.

Following revelations that the government had been examining options, PM Tony Abbott was his most emphatic last Wednesday, according to the Australian Financial Review's Phil Coorey.

"We made a very clear commitment prior to the last election that there would be no adverse changes in superannuation under this government in this Parliament and we have made a very clear decision that we aren't ever going to increase the taxes on super, we aren't ever going to increase the restrictions on super, because super belongs to the people," he said.

Before the last election, Mr Abbott promised no adverse changes to super this term.

After Labor unveiled its policy, the Coalition ruled out taking any proposals to the next election.

Mr Abbott's statement makes the pledge permanent, the AFR noted. 
 
For more information on self-managed super funds (SMFS) and property investment, download Forrester Cohen's Ultimate guide to property investment, Part One, Property and SMSF here.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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