Superannuation

By Leith van Onselen With the Abbottalypse’s “captain’s call” not to change superannuation taxes dead and buried, the Turnbull Government is moving forward with superannuation reform, with Treasurer Scott Morrison vowing to wind-back concessions because they are “a cost to government” that is increasing fast.

By Leith van Onselen The Australian superannuation industry just won’t stop lobbying against reform to the concessions system.

By Leith van Onselen Is there a bigger bunch of rent-seekers than the Australian superannuation industry?

Cross-posted from The Conversation: The taxation of superannuation has been the cause of much consternation.

By Leith van Onselen The Australian Treasury has confirmed that reform of the superannuation concession system is well and truly on the agenda, revealing that it is examining implementing the Henry Tax Review’s recommendations to tax superannuation contributions at a progressive but concessional rate of 20%.

By Leith van Onselen With the Abbottalypse’s “captain’s call” not to reform superannuation well and truly in the rear view mirror, the prospect of achieving genuine reform of Australia’s inequitable and inefficient superannuation system is looking bright.

By Leith van Onselen Fairfax’s Nassim Khadem posted an article over the weekend arguing that 120,000 highest income earners – i.e.

By Leith van Onselen The gender gap between men’s and women’s superannuation accumulation has once again reared its head, with Treasurer Scott Morrison and Labor addressing the issue today.

By Leith van Onselen Deloitte financial services has offered a so-called “circuit breaker” on superannuation reform, estimating that the Budget could save $6 billion per year if super concessions were taxed at a worker’s marginal tax rate with each worker then receiving a flat rebate of 15%.

By Leith van Onselen ABC’s The Business last night ran a segment examining the Self-Managed Superannuation Fund (SMSF) sector’s exposure to property leverage, and fears that SMSFs could be left “dangerously exposed” as mortgage rates rise and the property market cools.

By Leith van Onselen With Treasurer Scott Morrison due to deliver the Government’s formal response to the final report of the Murray Financial System Inquiry (FSI) today, Mercer’s David Knox, has urged action on the inquiry’s call to crackdown on lump sum superannuation payouts.

By Leith van Onselen With the Abbottalypse’s “captain’s call” not to reform superannuation well and truly in the rear view mirror, the prospect of achieving genuine reform of Australia’s inequitable and inefficient superannuation system is suddenly looking bright.

By Leith van Onselen The self-managed superannuation fund (SMSF) industry has hit back at calls to tackle generous superannuation tax breaks for the wealthy, disputing Treasury estimates that the cost to the annual budget is some $30 billion.

The magnificent David Murray has ramped up pressure on Malcolm Turnbull to abandon the Abbottalyptic ban on super concession reform.

by Chris Becker Its hard to be positive in an environment of negativity, particularly when both the government of the day and the government in waiting lack any narrative or leadership for a post-mining boom Australia – we’re in a wait and see mood for Turnbull to turn that ship around.

By Leith van Onselen The Actuaries Institute has weighed into the retirement policy debate with a new paper, entitled “For Richer, For Poorer”, which proposes a range of reforms to Australia’s retirement system to make it more equitable and sustainable.

By Leith van Onselen The Committee for Economic Development Australia (CEDA) has released a new paper, The super challenge of retirement income policy, outlining its plan for retirement reform.