One Nation Proposes Early Superannuation Access for Renters, Mortgage Holders

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One Nation Proposes Early Superannuation Access for Renters, Mortgage Holders

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Federal Treasurer Jim Chalmers has criticized the plan as a “full-frontal attack on superannuation,” while One Nation leader Pauline Hanson argues it provides much-needed relief during a cost-of-living crisis.

One Nation has unveiled a superannuation policy aimed at providing immediate financial relief to Australians facing cost-of-living pressures. The proposal, announced by One Nation leader Pauline Hanson on September 7, 2026, would permit renters and those with a mortgage to redirect one-quarter of their future compulsory superannuation contributions directly into their take-home pay for a maximum of three years. This would mean 3% of their wages, which would otherwise go into their retirement fund, would be accessible.

Under the plan, employers would continue to pay the full 12% superannuation contribution, with 9% still going into the super fund for retirement and the remaining 3% paid directly to the eligible individual. One Nation estimates that a full-time worker earning approximately $90,500 annually could see an extra $2,300 per year after tax, or $44 per week, in their take-home pay. For a working couple with a combined income of $168,000, this could mean an additional $4,300 per year after tax, or $82 per week. The policy specifically targets future contributions, leaving existing superannuation balances untouched. Eligibility would be established directly with super funds using documentation such as lease or mortgage statements.

The proposal has drawn significant criticism. Federal Treasurer Jim Chalmers labeled it a “full-frontal attack on superannuation” and warned it could leave millions of Australians poorer in retirement. The Super Members Council (SMC) has modeled the potential long-term impact, estimating that a median full-time worker opting into the scheme for three years could be $25,000 poorer by retirement, with a couple potentially losing over $50,000. Critics also argue that injecting more money into the economy could exacerbate inflation and lead to further interest rate rises. One Nation’s Treasury spokesperson, Barnaby Joyce, admitted the party had not formally modeled the long-term cost to workers in retirement, but emphasized that it is “your money” and should be accessible during financial hardship.

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