IDEAS home Printed from https://ideas.repec.org/p/een/appswp/201731.html
   My bibliography  Save this paper

Reforming Australia's Superannuation Tax System and the Age Pension to Improve Work and Savings Incentives

Author

Listed:
  • David Ingles and Miranda Stewart

Abstract

Australia's retirement income system combines private and public provision for old age. Retirees rely on private (but highly regulated) superannuation saving that attracts large tax concessions; a public, means-tested age pension; home ownership; and other private savings. Despite recent changes intended to make the system fairer and more fiscally sustainable, Australia's retirement income system still lacks coherence, produces inequitable outcomes and creates high effective tax rates on work and saving. This article proposes a more coherent approach to address fairness, reduce the effective tax rates on work and saving and provide adequate earnings replacement rates with greater fiscal sustainability than is delivered in the recent reforms.

Suggested Citation

  • David Ingles and Miranda Stewart, 2017. "Reforming Australia's Superannuation Tax System and the Age Pension to Improve Work and Savings Incentives," Asia and the Pacific Policy Studies 201731, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:een:appswp:201731
    as

    Download full text from publisher

    File URL: http://onlinelibrary.wiley.com/wol1/doi/10.1002/app5.184/full
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    age pension; income tax; retirement saving; superannuation; work incentives;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:een:appswp:201731. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sung Lee (email available below). General contact details of provider: https://edirc.repec.org/data/asanuau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.