Open and shut. Most Australians would be worse off over their lifetimes if compulsory super contributions were lifted.
New calculations suggest middle earners will earn less over their lives if compulsory super is ramped up from 9.5% of salary to 12% as scheduled.
Compulsory super takes money out of the government’s coffers faster than savings on the pension put it back in.
It is widely believed that compulsory super saves the government money on pensions. It does, but nowhere near enough to pay for the accompanying tax concessions. Lifting compulsory contributions will make things worse, for a century.
Half a million Australians aged 50 and over lost their homes in the first decade of this century.
47% of Australians aged 55-64 have mortgage debt, up from 14% in 1990.
Taxable income tells us little about who benefits from imputation cheques.
Retirees with superannuation balances of $1. pay and pay no tax and get annual imputation cheques of $63,000.
Slicing up to 0.5 percentage points off wage increases for five years would cut wages by 1% of GDP.
In an election about wages, it is bizarre that both sides are planning to raid them to lift compulsory super.
Elections will increasingly be about the generosity of concessions for retirees. Increasingly, they’ll have the numbers.
Demographics are making elections about tax concessions, and soon there will be no turning back.
The Grattan Institute’s Commonwealth Orange Book 2019 serves as a guide for what the next government should do, and what it should not try to do.
The next government can make its own luck, but it needs to focus on what matters and ignore the rest.
Morrison appeared at a forum of seniors in the Victorian seat of Corangamite.
Both sides have different perceptions about how what the government characterises as a “retirement tax” - the franking credits change – will play out politically.
You’ll be OK if you own, but fewer will.
Our retirement incomes system has been built around the assumption that most will own their own homes. New projections suggest it's no longer valid.
If your’re wealthy you’ll be able to put more money into super without even working.
If you've got money and are in your mid-60s you'll be able to funnel more into super without even working under a budget plan that makes a mockery of super.
Budget papers ready for packing at a printing facility in Canberra on Sunday afternoon. The budget will be delivered on Tuesday night.
The promised surpluses won't last unless we stop giving older Australians more and more and asking them to pay less and less.
Former Labor prime minister Paul Keating, the father of Australia’s compulsory superannuation system, with former prime minister Julia Gillard at Labor leader Bill Shorten’s campaign launch in 2016.
A full throated inquiry into superannuation and whether we need more could be the last best thing the Coalition does.
Greg Combet wants to use his super power to free business from being hostage to short-term share-price and profit measures.
Superannuation fund supremo Greg Combet has a radical idea: to promote the business concept of 'long-term value'.
What if investors could identify risks from companies’ approaches to gender early?
Gender lens analysis identifies risks and opportunities early. It is catching on.
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.