Older Australians delaying retirementBY BEN COLLINS | WEDNESDAY, 20 JUN 2012 11:40AMA report unveiled yesterday by financial services and superannuation minister, Bill Shorten, revealed that 50% of older Australian intend to delay retirement. |
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
Congratulations Bill, people are now having to work longer into old age.
You moved pension age to 67 and you've compounded the problem even further for those approaching retirement, by halving the amount they can contribute to super from pre tax money.
Are you surprised by the consequences arising from those two changes?
No problem for the government employees and their super, they don't have a concessional cap here in SA...how hypocritical....it's business as usual for them...and the govt was supposed to review this issue in 2009...another review gone missing.