Published: 03 Feb 2020
The Retirement Income Review is the first wholesale review of the retirement system in nearly three decades and presents a significant opportunity to further improve the system.
It should aim to build on the success of our universal super system, ensuring the pension and superannuation systems are working together as efficiently as possible so that Australians get the most out of every dollar in retirement with as efficient use of public resources as possible.
We welcomed the opportunity to provide comment on the goals, principles and performance of Australia’s retirement income system.
ISA made three separate submissions. The focus of our submissions was on how the three Pillars - compulsory superannuation, voluntary savings and the Age Pension - provide for people’s retirement.
Our three submissions (papers) focus on:
- Cohesion
- Equity
- Adequacy
Our submissions and associated attachments are available here:
Attachments
Attachment 1: KPMG Stapling Report, 2019
Attachment 4: Rice Warner, Member Switching, 2017
Attachment 6: Brief on the Assets Taper Test, 2020
Attachment 7: Susan Bell Research, Australians’ Experiences and Expectations of Retirement, 2020
Attachment 8: Tax Concession Estimates for 2019/20, 2020
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.