KPMG has proposed a gimmicky reform aimed at boosting women’s superannuation contributions in order to bridge the gap in retirement savings between women and men:
The latest report, The Gender Superannuation Gap: Addressing the Options, suggests that the primary carer (usually a woman) should receive a rebate on the 15 per cent Superannuation Contributions Tax paid on contributions made for up to five years following the period out of the workforce.
That basically means that the primary carer would be compensated for superannuation lost while at home caring for children.
