Accessing super early may be the only way for some people to access life-changing medical care. But there aren’t currently enough safeguards to protect consumers from potential exploitation.
Nudge theory is used in many sectors but can be particularly helpful in getting people to actively engage in decisions affecting their savings and investments.
As a person now closing in on retirement, I admit I had no idea in my 20s how much my future, and the futures of those close to me, would depend on my superannuation savings.
Our super funds say they want to invest more in the net zero transition but that regulation blocks them. It’s time to put them to the test, and turn their piles of money toward a greener future.
Australians are good at accumulating savings for retirement but they are not so good at mapping out the best way to spend their savings once they retire.
The report, to be released in full on Thursday, puts the number of people 65 and over at about nine million by the early 2060s – from nearly 4.4 million in the 2021 census
Estimates produced by the Grattan Institute and the Treasury assume that the right tax treatment for income from retirement savings is the same as income from other savings.
Grattan Institute estimates point to deficits without end, growing with the need for greater spending on health, defence and natural disasters. We’ve presented the treasurer with 13 costed options.
Billions of dollars in super tax breaks simply end up boosting the inheritances of well-off children. Our new report shows how we can save money, while making super fairer for all Australians.
One super fund’s efforts to properly serve remote Indigenous customers sparked a national change – which has helped women fleeing domestic violence and those who’ve lost everything in a flood or fire.
Peter Martin, Crawford School of Public Policy, Australian National University
Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Around a third chose winding back super tax concessions and increased resource taxes.
Michelle Grattan and Mike Callaghan discuss the government's change to super, the complexities regarding it, and whether young people should be able to access it for a house deposit
Michelle Grattan and politics editor Amanda Dunn discuss the latest interest rate rise, the polling reaction to the Super tax hike, the PM's visit to India and the Monique Ryan/Sally Rugg court case
The Albanese government suffered a small setback on two party preferred figures in the latest Newspoll – but there was good news on its proposed super tax changes.