AUSTRALIA - The Labor party has criticised prime minister John Howard's government over increased taxes on some military pensions.
The main opposition party singled out tax hikes brought in for members of the Military Superannuation and Benefits Scheme (MSBS), as a result of the new simplified superannuation laws.
Figures from Labor stated that members who took a lump sum upon retiring at 45 years old, after 22 years of service, faced a 413% tax hike on what they would have paid before the new laws were implemented.
The party also criticised the Howard government for protecting another military super fund, the Defence Force Retirement and Death Benefits Scheme (DFRDB) from tax hikes.
Howard's government was called upon by Labor to address these issues which, it said, had been ignored since April.
Labor assured voters it would take these matters in hand if elected.
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.