Super changes 'inevitable': Treasury sec

Written By Unknown on Selasa, 20 Mei 2014 | 11.51

AN increase to the age at which Australians can access their superannuation is inevitable, Treasury Secretary Martin Parkinson says.

The Abbott government on Tuesday said it would not be making any adverse changes to superannuation in its first term.

That was after Treasurer Joe Hockey sparked a debate over super by indicating that the government could change the age at which people can access their retirement savings.

The age at which people can access their super - known as the preservation age - depends on their date of birth.

For those born after June 30 1964, it's 60.

But Dr Parkinson said change was inevitable.

"I think it is inevitable that pressure will build for changes in that area," Dr Parkinson told a business lunch in Sydney on Tuesday.

"We have to get a bit more sensible about the way we talk about and think about retirement incomes."


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