The design of superannuation is part of a social contract, and people who do not understand the long-term context are often offended that super funds should be tax-free in retirement. Don’t blame Peter Costello.
Tag Archives | Paul Keating
Life expectancies have increased dramatically since the nineties, but the uncertainty is forcing retirees to live too frugally. The super industry is switching its attention to the drawdown phase to find better solutions.
702 ABC Sydney listeners have selected their archive favourites of ’10 guests from 10 years’ of Conversations with Richard Fidler. This week, they played an interview with Paul Keating. Lots of fun.
Let’s celebrate the positive effects of a floating exchange rate and the way it adjusts to make economic policy more effective. With some exceptions, a floating currency acts as a shock absorber to cushion volatility.
* Regardless of your opinion about his politics, this ABC collection shows Paul Keating was an exceptional parliamentary performer.
The government should be the key provider of a national annuity scheme to cater for what is now a growing gap in our retirement incomes system as a result of people living for 80 years and more.
The super industry should have a jaundiced view of reductions in the existing company tax rate but, more than that, remain vigilant in protecting ‘dividend imputation’. And superannuation is about de-risking the future, so people should be encouraged to salary sacrifice in later life.
I never expected Self Managed Super Funds (SMSFs) to become the largest segment of super. They were almost an afterthought added to the legislation as a replacement for defined benefit schemes. Here’s why it happened.