Next government to reconsider super taxes: Grattan InstBY ALEX DUNNIN | WEDNESDAY, 5 JUN 2013 11:15AMBringing the commonwealth budget into structural surplus will require the next government to be very different to the Rudd-Gillard and Howard governments, and this will inevitably force a review of superannuation taxes, argued the Grattan Institute yesterday. |
Editor's Choice
Vale Garry Wyatt
|Garry Wyatt, the co-founder and chief executive of Insync Funds Management, has sadly passed away.
NRF appoints inaugural chief investment officer
|The National Reconstruction Fund has named its first chief investment officer.
First Bitcoin ETF to launch this week on ASX
|VanEck will make history this week as the first investment manager to launch a Bitcoin ETF on the ASX.
More Aussies anticipate renting in retirement: Vanguard
|An increasing number of Australians expect to be paying off a mortgage or forced to rent in retirement, according to the latest Vanguard How Australia Retires survey.
Further Reading
![]() | Know the facts about lifetime annuitiesSaving for a happy retirement is Australia's #1 financial goal. Learn how LifeIncome can deliver more income, certainty, & choice. |
Products
Featured Profile
![Phil Usher](https://media.financialstandard.com.au/prod/media/library/Contacts/cwyzorar-0002_featured_profile.png)
Phil Usher
CHIEF EXECUTIVE OFFICER
FIRST NATIONS FOUNDATION
FIRST NATIONS FOUNDATION
Taking a gamble to steady the ship as chief executive of First Nations Foundation, Phil Usher has turned it into a more secure, self sustaining entity, far better equipped to empower First Nations people to achieve financial prosperity. Andrew McKean writes.
The aim of the Cooper review was to provide recommendations that would in the long term reduce the cost structure of superannuation. Epic Fail. All of the recommendations implemented to date have just added an additional level of complexity (and therefore cost) to the superannuation system.
There clearly needs to be some taxation reform of superannuation benefits and the taxation of superannuation contributions. Lump sum payments should be discouraged and pensions should be encouraged (or perhaps even mandatory). The tax concessions cannot continue at the same level particularly as a larger proportion of the Australian population will be at retirement age with the next decade.