Superannuation funds keep merging, on the basis that bigger is better for members. But our research suggests this isn’t necessarily true.
The reform will benefit the retirement incomes of millions of Australians, according to Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones
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.
If you’re considering putting more money into your super, and want to know more about how the whole system works, here are the basics.
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.
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.
The wealthiest Australians are taxed differently from the rest of us, because they earn much of their money in a different way.
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.
In superannuation, the detail matters, although Treasurer Jim Chalmers would argue there are always points to be nailed down with such changes
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As well as her interviews with politicians and experts, Politics with Michelle Grattan includes “Word from The Hill”, where she discusses the news with members of The Conversation’s politics team
You’d never know it from some of the “socialist tax grab” outrage this week, but Jim Chalmers isn’t the first treasurer to act on this super rort.
The Treasurer pointed out the majority of the about $50 billion in super tax breaks go to high income earners
In policy terms, these are important debates. Politically, though, anything to do with superannuation is fraught, especially for a government already grappling with difficult economic issues
Treasurer Jim Chalmers has used words with specific meanings in the objective he intends to legislate, among them “preserve”, “dignified”, “equitable” and “sustainable”.
Your super is likely exposed to major nature-based risks. How big a risk? We don’t know - because to date, banks and super funds haven’t looked into it. But that’s likely to change
Critics of Jim Chalmers’ plan to use superannuation to pay for social housing say super holdings belong to members. But social housing is a reliable investment and benefits everyone.