Opinion

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

Changes to superannuation insurance won’t jack up rates – but if anything they don’t go far enough

The life and disability insurance offered by superannuation accounts can be the best possible deal for members. But the experience is often bitter for younger people, who are “opted in” to insurance they won’t need until they have dependants, face administrative hurdles to opt out, and are often charged fees… Read More »Changes to superannuation insurance won’t jack up rates – but if anything they don’t go far enough

2018/19 Pre-Budget submission: Superannuation & SMSFs

This 2018/19 pre-Budget submission makes several superannuation-related recommendations, including prioritising the legislative objective of superannuation, repealing the ‘work test’ and indexing the LISTO to Super Guarantee rate. Prioritise legislative objective of superannuation Before further changes to superannuation are made priority should be given to enacting the objective of superannuation. The Superannuation (Objective)… Read More »2018/19 Pre-Budget submission: Superannuation & SMSFs