Scrapping the low income superannuation contribution (LISC) was "the single, most retrograde and regrettable government policy decision made since the establishment of superannuation," Labor Shadow Treasurer Chris Bowen said.

Totally concur, as was the scrapping of the FHSA scheme which encouraged savings versus provision of larger first home buyer handouts.

Only the retention of the Super Co-Contribution was maintained (a Liberal policy), which to be honest, tends to be used most by couples where one is able to be on a lower income due to the other being on a very significant one.

It would be good to see the Govt trying to assist the less well off with their retirement planning versus taking what little was available to them away.

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