Labor wants young Australians defaulted into insurance the Productivity Commission says most don’t need.
Labor's proposed amendments to the Coalition's Protecting Your Super Bill would have cost young Australians $400 million a year.
There are words you’ll need to understand. But imputation is complex, like the tax system.
Wes Mountain/The Conversation
If you can understand this, you might just understand the election. Here's our quick guide to the language of dividend imputation.
Specify what you want, and that might be all you’ll get, whereas if you are vague…
Counterintuitively, vague incentives are often stronger than clear ones.
The Commission found some super funds treat people very badly, but it was prevented from examining the idea of superannuation.
The Productivity Commission was only permitted to examine the efficiency of the super system. A quarter of a century on, it's time to examine the design of the system and who it helps and hurts.
We find it hard to read forms and to understand risk, so we stick with what we know.
Picking an dud superannuation fund can cost you about 13 years’ pay over a working lifetime, roughly the value of an apartment in Melbourne or Sydney.
Australia’s super system could give us so much more to retire on, without taking more out of our wages.
Increases in super contributions come out of our own pockets. In the past Shorten and Keating have conceded this.
Australians are full of good ideas. Many made their debut in the pages of The Conversation.
The Conversation played host to really important new ideas in 2018. Some will take years to develop. Others will never come to fruition. But they're important.
Why not give bankers conditional bonuses, paid out only after they have retired scandal-free?
Conditional superannuation which can we withdrawn years after bankers retire might be the best way to get them to do the right thing.
Properly funding the aged care we need will require innovative solutions. Better taxing super is one of them.
The income within super funds is poorly taxed. Taxing it better could properly fund aged care.
Most retirees are financially secure. Many earn more than they did while working, the Grattan Institute finds.
Compelling Australians to put even more into super runs the risk of giving them a better standard of living in retirement than they had while working.
Former prime minister Paul Keating is promoting Super Mark II. It would take an extra 2-3% of salaries.
Former prime minister Paul Keating wants to divert an extra 2-3% of our salaries to 'longevity insurance'. It's what the pension was meant to be for.
Women asked to draw their careers draw circles, zig zags and snakes and ladders.
It's not just low pay and interrupted work that makes women poor in retirement.
Brendan O'Connor on Labor’s industrial relations agenda
CC BY 43.8 MB (download)
O'Connor says Labor remains totally opposed to the government's Ensuring Integrity legislation, which the Coalition wants to resurrect. "I can't see this bill in any way being salvageable."
As the dream of home ownership eludes more and more older Australians, this has big implications for retirement, pensions and government spending on rental assistance.
Until now most people have eventually owned a home. But two trends – falling ownership and a growing aged population – will put the budgets of retirees and government under real pressure.
Labor’s plan to pay super to women on paid parental leave would barely boost their retirement incomes.
Bill Shorten says Labor's plan to make super contributions on behalf of women on paid parental leave would have a "big impact". We find its impact would be be minuscule.
There’s still money to be made steering people into bad products.
Dud insurance is the tip of the iceberg.
We need a link from returns on infrastructure assets straight through to pensioners.
Instead of matching long-term pension liabilities to long-term investments, investment markets fixate on short-term liquidity. A new approach is needed.
Tax rules baked into superannuation favour those on low and high incomes.
Everyone is better off under the superannuation guarantee levy, but low and high income earners see a greater benefit than those in the middle.
The best advice is still to keep track of your super yourself.
Despite recent reforms, the superannuation system is still beset with problems such as high fees and patchy performance. You need to pay attention if you want to make sure your nest egg's in the best hands.
Currently, the employer nominates a fund which people are defaulted into if they don’t make a choice.
The Productivity Commission report recommends young workers should be given a "best in show" shortlist set by a "competitive and independent process."