Member for Hume Angus Taylor has welcomed the Turnbull Government’s action to ensure NSW Police officers can make voluntary superannuation contributions towards their retirement without incurring an additional tax burden.

The Federal Government has entered into a four year transitional arrangement with the Baird NSW Government to equally share the costs of ensuring that NSW Police officers have the same scope to make salary sacrifice contributions into superannuation as other individuals without incurring more tax.

“I commend the work of the Turnbull and Baird Governments in making this happen as many officers have contacted me personally expressing their angst over this issue,” Mr Taylor said.

“The Turnbull Government has listened to the concerns of our hardworking police and has acted to ensure their retirement savings are not adversely affected during negotiations on a permanent solution to this issue.”

Federal Treasurer, the Hon. Scott Morrison and NSW Treasurer, the Hon. Gladys Berejiklian made the announcement in Queanbeyan this week.

Mr Taylor joined the Treasurer in congratulating colleague, the Member for Macarthur Russell Matheson, for his tireless advocacy on this important issue.

“I know Russ, a former police officer himself, has been working tremendously hard to achieve this breakthrough for officers and their families,” Mr Taylor said.

The four year transitional arrangement is a response to administrative changes to payment structures and the payment of death and disability insurance for NSW Police in 2012 which had the effect of leaving some officers with more limited ability to make voluntary salary sacrificed concessional contributions towards their retirement without incurring an additional tax burden. In turn, this meant they had less scope to save for their retirement through superannuation.

“Our police risk their lives every day for the community and we owe it to them to ensure they have a stable and secure retirement,” Mr Taylor said.

This arrangement will begin by applying to superannuation contributions made in the 2016-17 financial year.