General
Federal Government to assess superannuation, housing recommendations from Retirement Income Review
Australians could be encouraged by the Federal Government to draw down on their superannuation balances and use equity in the family home to fund their retirement, rather than rely on increases in compulsory super contributions.
Key points:
- The review was delivered to the Government in July but will be released publicly on Friday
- Parts of it focus on the potential negative effective a compulsory super contribution increase could have on wages
- Treasurer Josh Frydenberg says the report “reaffirms the need to simplify and enhance the efficiency of the superannuation system”
The Coalition is considering the findings of the wide-ranging Retirement Income Review, which was compiled by former senior Treasury Department official Michael Callaghan…
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