Australian Superannuation: The Current State of Play

11 Pages Posted: 2 Dec 2016

See all articles by Rafal Chomik

Rafal Chomik

University of New South Wales (UNSW)

John Piggott

University of New South Wales (UNSW) - Australian School of Business, School of Economics

Date Written: December 2016

Abstract

This article focuses on the challenges facing superannuation, the income replacement pillar of Australia's retirement income system, as it matures. We discuss four questions: In an era when households are making critical and complex choices that most have never previously confronted, how should policy‐makers and private providers guide choices? How should superannuation be taxed? How should the drawdown phase be structured? And to what extent will the Superannuation Guarantee be able to meet the objective of providing retirement income to substitute or supplement the age pension? This article attempts to provide perspective on each of the issues and concludes with a statement of research need.

Suggested Citation

Chomik, Rafal and Piggott, John, Australian Superannuation: The Current State of Play (December 2016). Australian Economic Review, Vol. 49, Issue 4, pp. 483-493, 2016. Available at SSRN: https://ssrn.com/abstract=2879157 or http://dx.doi.org/10.1111/1467-8462.12190

Rafal Chomik (Contact Author)

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

John Piggott

University of New South Wales (UNSW) - Australian School of Business, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

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