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What would it take to make a fairer super system?

What would it take to make a fairer super system?

Wayne Leggett
19 January 2016 — 1 minute read

There’s one proposal that has yet to be fully explored, and it would make a whole lot of sense for Australia’s retiring population and bottom line.

The easiest way to make the taxation of super more equitable would be to apply a tax rebate to concessional contributions

Australia’s superannuation regime is the envy of many developed countries around the globe as they collectively struggle to cope with how best to provide for an ageing population.

The generous taxation concessions afforded members of Australia’s superannuation and pension funds (particularly those closer to, or already in, retirement) are world-class and result in superannuation being a self-selecting alternative for retirement savings in Australia.

However, these same tax concessions have recently drawn staunch – and some would argue justifiable – criticism in certain quarters.

By Wayne Leggett, principal, Paramount Wealth Management

To read the entire article click here

 

There’s one proposal that has yet to be fully explored, and it would make a whole lot of sense for Australia’s retiring population and bottom line.

The easiest way to make the taxation of super more equitable would be to apply a tax rebate to concessional contributions

Australia’s superannuation regime is the envy of many developed countries around the globe as they collectively struggle to cope with how best to provide for an ageing population.

The generous taxation concessions afforded members of Australia’s superannuation and pension funds (particularly those closer to, or already in, retirement) are world-class and result in superannuation being a self-selecting alternative for retirement savings in Australia.

However, these same tax concessions have recently drawn staunch – and some would argue justifiable – criticism in certain quarters.

By Wayne Leggett, principal, Paramount Wealth Management

To read the entire article click here

 

What would it take to make a fairer super system?
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In this month's issue:

  • Time wrap
  • The tech bull run
  • From hobby to passion
  • Golden Years
  • An untimely reminder
  • Why change is so difficult
  • Key Strategies for equalising super