Once again critics have called for government to cut the budget deficit by removing the tax-concessions on super. Their catch-cry is that they are not needed, and amount to little more than a tax scam for the affluent. This may be true for the… Read More ›
Super Sense
Super-duper Industry Super
The former master of party polemic, Paul Keating, made an unexpected return to the political stage he once dominated, two weeks ago. It only took what seemed an inoffensive call by Treasurer Joe Hockey to debate dipping into superannuation savings to… Read More ›
A super idea for the benefit of first home buyers.
Independent Senator for South Australia Nick Xenophon is far from being a one issue politician suggested by the title ” No Pokies Party”. He is renowned for having sensible positions on the issues of the day, for his integrity, and for championing the causes of ordinary Australians…. Read More ›
Does Australia need an advisory committee to take an overview of its superannuation reserves?
Australia has about $1.5 billion in pooled members’ superannuation balances. Whose responsibility is it to reduce the disastrous losses of savings from corporate failures. Maybe there is nothing we can do to prevent them. Maybe we just don’t have the resolve to bring in… Read More ›
Life Expectancy Projections Queried.
The life expectancy projections of the Productivity Commission that are motivating the Coalition to curb the $40 billion per annum expenditure on age pension income and associated concessions, should be considered to be a worst case scenario for the… Read More ›
Productivity Commission Proposes No Aged Pension Until 70
What is the Productivity Commission? The Commission is an independent review body comprising a chairperson and between four and eleven commissioners, appointed by the Governor General, for periods of up to five years. The Treasurer may appoint Associate Commissioners on a… Read More ›
Bull or Bear Market?
Once upon a time, in the days before computers and credit default swaps, savvy old investors made their decisions on one over-riding consideration. Is it a bull, or a bear market? Whether you are saving to buy a house, motor… Read More ›
Superannuation – a more important election issue to debate than immigration policy.
With the return of Kevin Rudd to the Lodge, all Labor’s policies have been up for review before a possible September election. Potentially controversial changes to Australia‘s superannuation legislation proposed by Labor before the leadership change have scarcely drawn a mention… Read More ›
Technically Speaking – A Twelve Month Old Blog
Technically Speaking, reached its first birthday milestone this month. At first it was a single website pre-occupying the author as he recovered from surgery, but in time he expanded it to three blogs, reflecting three disparate goals. The second blog, titled “This Everyday… Read More ›
Labor should incorporate incentives in its super changes!
Reasonable Benefit Limits on superannuation were dropped in 2007. They fairly limited excessive tax concessions to the most affluent who didn’t really need them. This change greatly increased the levels of tax concessions in superannuation. The argument that superannuation is a benefit only… Read More ›
