Australia’s 76,000 wealthiest retirees are receiving just over $10 billion in superannuation tax concessions, which are now the subject of calls for reform.

A report from the peak super industry body says 24,000 people who have more than $2 million each in their self-managed super accounts received about $216,000 in tax-free income stream payments each, or $5.2 billion in total.

A further 51,700 people with between $1 million and $2 million in their accounts got a total of $4.9 billion in concessions, the Association of Superannuation Funds of Australia said.

Labor has offered bipartisan support to crack down on these concessions for the wealthy but the Federal Government appears reluctant, saying the issue is much broader.

Community service groups say the government could save $300 million in the 2016/17 financial year if it extends the 15 per cent tax rate on superfund earnings to accounts in the pension phase.

The Australian Council of Social Service also called for a crackdown on people aged over 55 years who avoid paying income tax by churning their earnings through super accounts, by reducing the annual cap for super contributions.

Assistant Treasurer Josh Frydenberg said superannuation needs to be looked at across the board, not just for high income earners as the Labor party would like.

But Labor MP Ed Husic said Treasurer Joe Hockey wanted bipartisan support on tax reform, something that is a pipe-dream under Tony Abbott’s prime ministership.