Deeming rates explained. What is deeming, how does it cut pensions, and why do we have it?

Written by Peter Martin, Crawford School of Public Policy, Australian National University. Now it’s the Coalition that’s being accused of a “retiree tax”. As interest rates have come down over the past four years, the rate that retirees are “deemed” to have earned for the purpose of the pension income… Read More »Deeming rates explained. What is deeming, how does it cut pensions, and why do we have it?

Morrison must rule out delays to Super Guarantee rate increases: Labor

Labor has called on the Prime Minister to rule out further delays to the legislated increases in the Superannuation Guarantee rate, after reports that backbenchers are agitating for such a delay. Labor’s Shadow Treasurer Jim Chalmers said: “Scott Morrison must rule out calls from his backbenchers to hurt workers saving… Read More »Morrison must rule out delays to Super Guarantee rate increases: Labor

Super shock: more compulsory super would make Middle Australia poorer, not richer

Written by Brendan Coates, Grattan Institute and Owain Emslie, Grattan Institute. Compulsory superannuation was sold to Australians on the basis that it would make us better off. But as the government prepares for an independent inquiry into retirement incomes, new Grattan Institute research finds that increasing compulsory contributions from 9.5%… Read More »Super shock: more compulsory super would make Middle Australia poorer, not richer