The Conversation

The superannuation myth: why it’s a mistake to increase contributions to 12% of earnings

So much of the national conversation about superannuation simply assumes that “savings for retirement” is synonymous with “superannuation savings”. This is a big mistake. This mistake partly explains why we got into such a mess with excessively generous tax breaks for super. It also underlies misguided plans to increase superannuation… Read More »The superannuation myth: why it’s a mistake to increase contributions to 12% of earnings

PC sets groundwork for long-awaited look at super competition and efficiency

The Productivity Commission has released its draft report setting out criteria for assessing the competitiveness and efficiency of the superannuation system. The final report will be delivered in November this year. The study, the first stage of a three-stage exercise, is part of the Government’s response to the 2014 Murray… Read More »PC sets groundwork for long-awaited look at super competition and efficiency

A competitive superannuation system: will efficiency gains follow?

Will competition in the superannuation system improve efficiency, or is this an ideological argument extended beyond its usefulness? If more competition would promote efficiency, what design and policy issues need to be addressed to accommodate the changes? The Productivity Commission’s draft report on superannuation’s efficiency and competitiveness seeks to address… Read More »A competitive superannuation system: will efficiency gains follow?

Tax-free super is intergenerational theft

A number of politicians have struggled this week to explain the Turnbull Government’s proposed changes to superannuation. Given the complexity of the area, that’s not surprising. And this complexity explains why intergenerational “theft” through superannuation has continued for so long. Transition to retirement (TTR) provisions, introduced by the Howard Government… Read More »Tax-free super is intergenerational theft