A group of Coalition MPs is currently lobbying the government to freeze or scrap its scheduled increase to superannuation. Instead, this group wants to focus on direct measures to help first-home buyers enter the property market. Government interest follows the release of the Retirement Income Review, which emphasised homeownership over super savings as the key to financial security during retirement. Despite support for the report, however, this concept is controversial and likely to face further scrutiny.
Under the current First Home Super Saver scheme, first-h [...]