Super tax concessions not overly generous: MercerBY BEN COLLINS | MONDAY, 11 FEB 2013 12:30PMAgainst the backdrop of intense political debate, Mercer has released research which it states proves Australians do not receive unfair tax advantages through superannuation. |
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Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
It is now even more imperative that people start saving early...but apathy and mistrust are high just as job security is low. With the SG increasing, I hope that we will start to see a shift in engagement and then have the ability to warn people ahead of time that they must start early as they won't be able to play catch up later.
But what about the under 60 retirees and especially the Transition to Retirement.
Looks like thats under a big cloud.
If she wasnt going to tax that then she would have already said so.
The fact that its been left out means its almost certain it will be taxed.
So will Transition to Retirement be affected in the future?
In the abscence of any real argument, one is left to assume there are other motivations.
If as a result of "Award Modernisation" and other legislative change, Industry funds are the recipient of increased inflows, you could come to a conclusion that those controlling them have more influence while the resulting increased tax revenue contributes significantly to a government being able to balance their books.
To be blunt, controlling the purse strings of the superannuation system and maintaining power at the expense of retirees (ultimately, all of us).