Super tax concessions are rich people’s welfare, and those protesting against reform are just protecting their own interests. When will a government have the guts to rein in these subsidies for the wealthy?
It’s predictable that media outlets aimed at the wealthy would defend the current superannuation tax rorts, which see the poor boost the retirement savings of the very rich. So why is Simon Crean defending it?
Labor figures who now invoke the Hawke-Keating legacy appear to have forgotten what actually happened back then. And if Labor really wants to embrace the H and K era, here’s what they should do on superannuation …
They’ve got a lot of your money — and who knows what they’re doing with it. A superannuation insider with 20 years experience as a trustee and fund manager reveals some of the legal scams that funds use to raid your account.
There’s a strong suggestion that the defined benefits university superannuation scheme is extremely biased against younger contributors to the fund compared with their colleagues who are closer to retirement age.
Peter Mason has the superannuation accounts of thousands in his hands. He’s become a kingpin of the financial services industry since the merger of AMP and AXA last year. But Mason, outspoken on issues like Asian experience, faces big challenges on the board of David Jones.