Policymakers have long grappled with the best way to engage a seemingly apathetic public into paying more attention to their superannuation. The introduction of a low-cost and simple default option, MySuper…
Indigenous workers will struggle to be self-sufficient in retirement.
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As the government considers a tax reform agenda without changing the GST, Assistant Treasurer Kelly O'Dwyer discusses tax and superannuation with Michelle Grattan.
Treasurer Scott Morrison said people were not interested in “reading a large tome on tax”.
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Treasurer Scott Morrison has opened the possibility for an alternative to the government’s present white paper process for tax reform.
Moral hazard - a lack of incentive to guard against risk when protected from its consequences - is inherent in our super system.
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The government compels us to do lots of things without any incentive payment, so why should super be any different?
Almost a year after it was finished, the government has responded to the Financial System Inquiry, agreeing with the majority of its recommendations.
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The Turnbull government will ban businesses from charging consumers excessive surcharges on their credit cards, and move to inject more competition into the superannuation industry.
Prime Minister Malcolm Turnbull has indicated that changes to superannuation are on the table.
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Submissions to the government’s taxation white paper show support for reducing concessions for superannuation but with no clear agreement on how to do this.
Superannuation savings are the target of an idea that refuses to go away.
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Allowing first home buyers to tap their super would worsen housing affordability, leave many people with less to retire on, and cost taxpayers in the long run.
The compulsory super scheme in Australia is clearly superior to the voluntary 401(k) scheme utilised by the United States.
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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.
Chipping away at your super account can have compounding results.
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First home buyers may be doing it tough, but lessons from the US tell us raiding super is not the solution.
While the Newcastle council decision may not trigger divestment from fossil fuels, it is a chance for the port to consider its future direction.
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Amid jeers of hypocrisy and cheers of climate leadership, what can we really say about this policy move in one of New South Wales’ historic coal towns?
Only 7% of lump sums taken from super are used for a holiday.
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Despite the government windfall on offer, changing the age at which people can access their super is likely to unfairly hit retirees with lower super balances.
Many retirees have the option to deplete their financial assets to bolster their standard of living.
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In a system where the age pension is designed to be needs-based, a strong asset test seems like an appropriate tax on the practice of bequeathing assets like superannuation to the next generation.