Super has become a taxpayer-funded inheritance scheme for the rich. Here's how to fix it – and save billions
- Written by Joey Moloney, Senior Associate, Grattan Institute
ShutterstockAustralia’s A$3.3 trillion superannuation system is supposed to boost people’s retirement incomes. The government says as much in its proposed leglislated objective for superannuation. The system is supported by billions of dollars of tax breaks each year, ostensibly to that end.
But there’s just one problem –...