Super Objective Amendment
Discussion continues about what the objective for Superannuation should be. Like other commentators I believe the Government proposal is pretty meaningless.
Here is Financial Demographics' proposed amendment which has been submitted to Treasury. People should be able to retire at age 60 and have an annuity income saved through superannuation which equals the cut-off income on the Age Pension means test (currently $49,655pa). Currently using long term Government bond yields and implied future inflation, this requires savings at age 60 of $1,362,528
http://www.findem.com.au/resources/bgsuperobjective.pdf
Posted Tuesday, 24 January 2017
Recent News
- Friday, 27 Nov 2020 - RIR and Why Oz needs a Heath System Tax (HST)
- Saturday, 11 Apr 2020 - Back to Work with Covid-19? - Not so Fast!
- Tuesday, 7 Apr 2020 - Key people charting the Australian Recovery
- Wednesday, 1 Apr 2020 - Population Mortality effects of CoVid19
For past news items, visit the News Archive.
All images and text Copyright © Financial Demographics ABN 66 196 570 592. All Rights Reserved.
Copyright Statement | Disclaimer | Privacy Policy