Taking money out of your super can come at a high cost which is not apparent until much further down the track, says a UNSW expert.
Is the next shake-up to Australia’s superannuation industry just around the corner?
Josh Frydenberg's review of the retirement income system will have to consider the growing hole caused by our decisions to delay buying homes for longer and longer.
The inquiry will find we force workers to sacrifice income, pay tens of billions in super tax concessions, and still pay out one in every ten dollars of government earnings on pensions.
Making super voluntary for low earners, as proposed by a Liberal senator, would leave more women vulnerable in old age.
UNSW Business School academic and superannuation expert, John Piggott says students are losing money by not thinking about their super.
The increasing national burden of the old age pension will ease if people are allowed to save more for their retirement, says UNSW Business School Professor Fiona Martin.
Using the federal budget to remove uncertainty will allow people to plan a better retirement, says UNSW Scientia Professor John Piggott.
If you rent, you are highly likely to live in poverty in retirement. If you own your own home the pension and super will probably be enough for you.
Instead of matching long-term pension liabilities to long-term investments, investment markets fixate on short-term liquidity. Is a new approach now needed?