Hunt for revenue hurts superannuation policy, says Costello

Former Treasurer Peter Costello says the proposals being considered as part of the Tax White Paper can only increase the taxes on superannuation. The Financial System Inquiry, while not directly addressing taxation, raised a number of issues to be considered as part of the Tax White Paper Process, including stopping or winding-back dividend imputation and changes… Continue reading Hunt for revenue hurts superannuation policy, says Costello

Superannuation will not free people from the pension: Costello

Peter Costello has told the 2014 ASFA National Conference that most people will have to rely on both superannuation and the age pension in retirement. “Let us bear in mind that for most people, occupational superannuation will not free them from the pension,” Costello said. These were his personal comments, rather than in his position as Chairman… Continue reading Superannuation will not free people from the pension: Costello