Australia

Feb 15, 2013

Crikey Clarifier: what’s coming in superannuation reform

Superannuation is set to be an election battleground with claims and counter-claims of what the government and the Coalition might do. Crikey intern Callum Denness sorts fact from fiction.

The federal government, opposition and industry groups are locked in a pre-election slanging match with claims and counterclaims over potential changes to superannuation — what’s needed, what isn’t and what might hurt. Crikey sorts the fact from the fiction …

3 comments

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3 thoughts on “Crikey Clarifier: what’s coming in superannuation reform

  1. CML

    Good info, Callum.
    Surely no one could look at the Treasury analysis you have attached and say there is ANYTHING fair about the tax treatment of super.
    If Labor wants to increase the tax rates for the top 10%, and decrease those for the bottom of the scale, who could mount a rational argument against that?
    By contrast, the Coalition spin just makes things worse for low income superannuants, while maintaining government handouts to the wealthy.
    Why do the bogans continue to say they will vote for the Opposition, when it is against their best interests? MSM progaganda perhaps? Beats me!

  2. CML

    Crikey this is ridiculous! For the second time today my comments are in moderation, when I have not said anything objectionable. Get a life!

  3. Dogs breakfast

    And so the disastrous tax concessions that Peter Costello built into super. will be perpetuated. There is no particular reason why superannuation withdrawals should be tax free regardless of assets and other income streams.

    This was correctly described by a private sector economist with a high public profile as ‘probably the worst budget/tax decision in living memory. Coming as it did just prior to the baby boomers retirement bulge, it was unfathomable, and political poison to draw it back.

    So the government is trying to skin that cat in other ways.

    Nightmare

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