Super rort for wealthy
Imagine if you had $30 billion sitting in front of you. And imagine that you had been told to use it to boost the retirement incomes of Australians. Who would you give it to? Would you use some of it to boost the existing age pension? Would you put some of it into the superannuation accounts of those people, largely women, who have taken time out of the workforce to care for their kids or their parents? Would you put any of it aside for people who are currently unemployed, sick, disabled or on the new paid parental leave payment?
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Super-powered nukes: Is your superannuation funding weapons of mass destruction?
When you choose your superannuation fund, you’re probably not thinking about weapons of mass destruction. But it might surprise you to learn that if you’re with one of Australia’s largest funds, your money is going into the production of nuclear weapons. Research published last month by Quit Nukes and The Australia Institute found that 13
Superannuation tax concessions entrench income and gender inequality
Australia Institute research finds women and low-income earners are being left behind by a superannuation tax concession system that disproportionately benefits high-income earners and men.
Superannuation tax concessions are making inequality worse
Superannuation tax concessions were designed to encourage saving, but instead they are being used by the wealthiest to avoid paying tax