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Home » superannuation » The devil’s in the detail: The hidden costs of private retirement incomes policy

The devil’s in the detail: The hidden costs of private retirement incomes policy

Evidence suggests that the recent shift onto second-tier retirement incomes policy, which culminated in the Super Guarantee, has increased inequality – and gender inequality
in particular – without efficiently meetings its policy goals.

Importantly, the ability of private super to increase retirement income, reduce public spending and boost national savings are much more tenuous than often assumed. This, in turn, makes it more difficult to justify the large and inequitable subsidies that the super tax concessions provide to private super funds and the well-off. The clear implications of these findings are that reform to the super tax concessions and Super Guarantee could simultaneously improve efficiency and reduce inequality. Adam Stebbing examines the fiscal and distributive impact of private retirement incomes policy

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