Older Citizens ‘merit’ tax reductions on their retirement funds, treasurer suggests, while the government explores methods to provide younger Australians with an ‘equal opportunity’ | Retirement Savings

Retirees continue to be entitled to tax concessions on their superannuation, according to Treasurer Jim Chalmers, despite growing demands for changes in the tax system. During discussions at the three-day economic reform roundtable in Canberra, Chalmers emphasized the need to balance future fairness with current concessions for retirees and confirmed that there are no plans to alter these concessions. He stated that retirees should keep receiving these benefits to encourage participation in superannuation, reflecting the Australian commitment to fairness. The outcome of these discussions will impact future federal budgets, but Chalmers assured that the government wouldn’t rush into reforms without careful consultation.

Source: https://www.theguardian.com/australia-news/2025/aug/24/retirees-deserve-super-tax-breaks-treasurer-says-as-government-considers-how-to-give-younger-australians-fair-go