‘It’s our money’: Pauline Hanson’s 3pc super trick to save $31k

One Nation leader Senator Pauline Hanson has support building for her controversial super pay boost plan. Picture: NewsWire / Martin Ollman A controversial One Nation bid to let Aussies raid their nest eggs could shave $31k off the mortgage in just three years – sparking a fierce battle over who really owns your super. Canstar told The Courier-Mail that redirecting that 3 per cent extra income into a mortgage over three years could deliver massive interest relief – helping pay off a typical home loan 10 months faster – at the cost of leaving a worker’s super balance around $47,986 lower by retirement at age 67. Canstar crunched the numbers for One Nation’s 3 per cent super diversion to offset accounts, finding it would help pay off a home loan 10 months faster. Source: Canstar Under Pauline Hanson’s One Nation ‘Super Pay Boost’ policy, workers would be allowed to divert a quarter of their compulsory super contributions — 3 per cent out of the total 12 per cent — straight into their weekly pay cheque for up to three years to cover skyrocketing rent or home loans. Canstar analysis found that if the extra 3 per cent pay cheque boost was funnelled directly into home loan repayments, th...