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Scrapping compulsory super

An interesting debate on superannuation was initiated in the AFR a few days back by Geoff Carmody. His argument was that the current system of superannuation should be scrapped and replaced by an age pension entitlement for all. He argues this would save the government money in the sense that the value of the tax […]

Access to superannuation & retirement age

The Tax Review report on the retirement income system recommends retaining a means-tested Age Pension, retaining compulsory savings for retirement at 9% and allowing (!) voluntary savings for retirement. It however recommends increasing the age of eligibility for the ‘Age Pension’ pension to 67 years and moving the age of eligibility for superannuation (the ‘preservation […]