Opinion

More people are retiring with high mortgage debts. The implications are huge

Written by Rachel Ong ViforJ, Curtin University and Gavin Wood, RMIT University. The number of mature age Australians carrying mortgage debt into retirement is soaring. And on average each mature age Australian with a mortgage debt owes much more relative to their income than 25 years ago. Microdata from the… Read More »More people are retiring with high mortgage debts. The implications are huge

At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?

Written by Ben Phillips, Australian National University and Matthew Gray, Australian National University. Labor is banking on about A$5 billion per year from ending the cash payment of company tax refunds to dividend holders who don’t pay tax. It’ll exempt charities, non-profits, pensioners and part pensioners and other Australians on… Read More »At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?

$20 billion per year. That’s how much higher superannuation could take from wages

Written by Brendan Coates, Grattan Institute. Stagnant wages are a huge issue in this election campaign. So it is odd that both major parties are hanging onto a policy that will take more out of workers’ pockets. Lifting compulsory superannuation contributions from 9.5% to 12% in five annual steps between… Read More »$20 billion per year. That’s how much higher superannuation could take from wages

It’s hard to find out who Labor’s dividend imputation policy will hit, but it is possible, and it isn’t the poor

Written by Elizabeth Savage, University of Technology Sydney. Labor’s proposal to end cash refunds of unused dividend imputation credits is highly targeted. It certainly doesn’t apply to age pensioners, even part pensioners, courtesy of Labor’s Pensioner Guarantee. Self managed super funds set up by pensioners before the announcement are also… Read More »It’s hard to find out who Labor’s dividend imputation policy will hit, but it is possible, and it isn’t the poor

Frydenberg should call a no-holds-barred inquiry into superannuation, now, because Labor won’t

Written by Peter Martin, Crawford School of Public Policy, Australian National University. The Coalition is running out of time to do worthwhile things. Facing overwhelming odds of defeat in the election due within weeks, one of its last throws of the dice should be to do something Labor would never… Read More »Frydenberg should call a no-holds-barred inquiry into superannuation, now, because Labor won’t

This time it’s Labor and the Greens standing in the way of cheaper super

Written by Brendan Coates, Fellow with the Grattan Institute. Parliament is failing workers with superannuation. And this time it’s Labor and the Greens who are doing it. The Coalition’s Protecting Your Super Package Bill was designed to cut the unnecessary costs in super, significantly boosting balances when workers retire. It was… Read More »This time it’s Labor and the Greens standing in the way of cheaper super

Words that matter. What’s a franking credit? What’s dividend imputation? And what’s ‘retiree tax’?

Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University. You’re forgiven for being confused. Newspapers need to economise on words. Television and radio reporters need to economise on seconds. So they use shorthand: words like “dividend imputation”, “franking credits”, and yes, “retiree tax”. Which is fine if… Read More »Words that matter. What’s a franking credit? What’s dividend imputation? And what’s ‘retiree tax’?

We won’t fix female super until we fix female pay, but Labor’s ideas are a start

Written by Helen Hodgson, Associate Professor, Curtin Law School and Curtin Business School, Curtin University   Women retire with embarrassingly little super compared to men. In 2015-16 the typical (median) Australian woman retired with A$36,000. The typical male had A$110,000. When presented as averages, the difference is less stark because a… Read More »We won’t fix female super until we fix female pay, but Labor’s ideas are a start

Super. If Labor really wanted to help women in retirement, it would do something else

Written by Brendan Coates, Fellow at the Grattan Institute, and Owain Emslie, Associate at the Grattan Institute.   When it comes to the gender gap in retirement incomes, symbolism appears to matter more than actually achieving something. Labor’s plan to add super contributions to government-funded parental leave was heralded by… Read More »Super. If Labor really wanted to help women in retirement, it would do something else