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The compulsory super scheme in Australia is clearly superior to the voluntary 401(k) scheme utilised by the United States. Image sourced from

Our super system isn’t perfect - but for a failure, look to the US

When you consider that the average US household will have just $104,000 in retirement savings, Australia's compulsory super system starts to look like a really good idea.
For every $1000 of assets the pension will be reduced by $3 a fortnight, under changes proposed in the federal budget. AAP Image/Alan Porritt

Missed opportunities on coherent pension policy reform

The government has dropped plans to index age pensions to CPI and opted instead to tighten income and assets test. These are welcome changes but more needs to be done.
Treasury Secretary John Fraser now has plenty of company in calling for a ‘fundamental rethink’ of retirement income policy. AAP/Lukas Coch

Time to listen to the evidence for a rethink of super tax concessions

Over the last six months a public consensus has emerged among academics, think tanks, community organisations, elements of the superannuation industry and most politicians about superannuation.
Research has found when super funds share the same directors, fund performance can suffer. Image sourced from

Super connected directors not helping super fund performance

Super funds are being asked to improve board governance, and their starting point should be to consider stamping out multiple directorships.
Bill Shorten has revealed a Labor plan to remove the tax-free concession available to people with high annual superannuation incomes. AAP/Rebecca Le May

Shorten’s superannuation policy to hit accounts over $1.5 million

A Labor government would crack down on the superannuation tax breaks enjoyed by high income earners, raising more than $14 billion over ten years, under a policy released by Bill Shorten on Tuesday.
Devoting time to looking after others can result in significant hidden costs to the carer. Shutterstock/Goodluz

Carers deserve more credit in the retirement incomes debate

If the 5.5 million unpaid carers didn't look after others – at the expense of careers and incomes – taxpayers would bear the costs, so as a community we should give carers a fairer deal in retirement.
Allowing people to raid their superannuation early is likely to have significant unintended consequences. Image sourced from

We need to talk about super, not just first home buyers

Australia's retirement income system is unsustainable, and there seems little political appetite to tackle the big issues.
Can everyone be a winner from comprehensive tax reform? Image sourced from

Tax reform - can we ALL win?

Just what are the issues we need to watch when it comes to tax reform? Read this explainer.
A closer analysis of ‘generation war’ debates reveals that inequalities within generations remain far more significant than those between them. shutterstock

Generational war: a monster of our own making

The political debate over generational equity, which has been rekindled in the past week, now dominates discussions over wealth, government spending and fiscal sustainability. But a closer look at some…

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