susan st john

Spotlight on retirement incomes policy

Melbourne, 15 October, 11.30-1.30pm

With suggested changes to both the aged pensions asset test and superannuation tax concession, and with the government yet to heed calls for a major review, the topic of retirement income policy has been the subject of much recent debate.

Coinciding with anti-poverty week ASPA and the Brotherhood of St Laurence are co-presenting an extended lunchtime seminar in Melbourne, which will feature the University of Auckland’s Retirement Policy and Research Centre co-director Associate Professor Susan St John speaking on New Zealand’s approach to retirement incomes.

Also featured will be Grattan Institute CEO John Daley and the Productivity Commission’s Angela MacRae presenting findings from a new PC research paper ‘Superannuation for Post-Retirement’ which considers how much super people are likely to have in retirement and what changes could be made.

The PC commissioner says Australia’s ageing population has important implications for the retirement income system, and this research report considers two important aspects of retirement behaviour — when and how people access their superannuation.

The detailed analysis looks at two aspects of superannuation policy affecting the post-retirement phase:

What might happen if the age that individuals can access their superannuation (the ‘preservation age’) were raised?

Is the way people draw down their superannuation, and in particular, the use of lump sums, problematic?

Released on 7 July the report is a sequel to the PC’s 2013 flagship research project An Ageing Australia: Preparing for the Future.

 Full report



Posted in aspa eNews, aspa eNews Edition 3, Events, Upcoming events.