On 11/12/2018 8:35 AM, Tom Worthington wrote:
Superannuation would be a little harder to fix. How about something similar to Singapore? Make the Australian Future Fund the default super fund, allow the use of an alternative fund only after you have a "Minimum Retirement Sum", and pay out only as a lifetime annuity on retirement? That should remove the need for most people to worry about super, and most of the complexity the ATO has to handle. It would also reduce costs, and reduce manipulation of the system for tax avoidance and estate planning. https://en.wikipedia.org/wiki/Central_Provident_Fund
In the US, this is called The Social Security Administration. But we know how Congress messes with that money.....
Jan -- Melbourne, Victoria, Australia [email protected] Twitter: @JL_Whitaker Blog: www.janwhitaker.com Sooner or later, I hate to break it to you, you're gonna die, so how do you fill in the space between here and there? It's yours. Seize your space. ~Margaret Atwood, writer _ __________________ _ _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
