Retirement savings

NARROWER TERMS


Working paper

COVID-19 private pension withdrawals and unemployment tenures

The COVID-19 pandemic prompted a range of previously untested major policy responses from governments, including allowing people to make early withdrawals from their superannuation accounts. This paper evaluates the impacts on people's retirement savings.
Report

KiwiSaver equity for women: building long-term financial wellbeing

This report coincided with the 15-year review of KiwiSaver by the Ministry of Business Innovation and Employment (NZ). The intent of the report is to assist policy-makers by deliberately exploring and providing opportunities to get more equitable settings in place.
Position paper

Super for housing inflationary and contrary to retirement income objective

The proposal announced by the federal Coalition to bust open super for first home buyers housing deposits would add tens of thousands of dollars to housing prices and would undermine the retirement savings of all Australians, asserts Industry Super Australia.
Position paper

Eliminating the gender superannuation gap: one step to achieve lifelong economic wellbeing

This paper suggests a number of issues that must be addressed, through policy reform, to close the gap in superannuation balances between men and women
Report

Caring costs us: the economic impact on lifetime income and retirement savings of informal carers

The focus of this report is on highlighting the economic impact of unpaid care - specifically, lost income during working life and the longer-term reduction in accruing superannuation, which affects retirement savings. In economic terms this is called the ‘opportunity cost of caring’.
Policy report

Mortgaging our future: the effects of super for housing policies on Australian property prices and financial health in retirement

This report examines the effects of ‘super-for-housing’ policies on house prices, finding the proposal would significantly increase house prices in all major capital city markets in Australia, but do so without changing the composition of first home buyers.
Policy report

Super scandalous: how to fix the $5 billion scourge of unpaid super

Unpaid super affects more than a quarter of employees, costing each affected worker an average of $1,700 per year. This report points to four policy reforms and the need for a visible, proactive regulator to ensure Australian workers are not deprived of their employer super...
Report

Completing Australia’s retirement income system

The Academy of the Social Sciences in Australia (ASSA) and the ANU's Tax and Transfer Policy Institute (TTPI) hosted a roundtable in March 2021 to examine the 2020 Retirement Income Review report and to consider its implications for further reform of the system. This paper...
Policy report

The gender superannuation gap: addressing the options

A combination of greater levels of part-time work, employment in lower-paid industries, lower hourly rates of pay for women compared to men, and less time in the paid workforce during their working years results in pronounced gender pay, income and superannuation gaps. This paper looks...
Policy report

The Superannuation Guarantee: why we need 12 per cent

This report shows the compelling body of evidence that it is in the best financial interests of all current and future workers in Australia, and the broader Australian economy, that the scheduled Superannuation Guarantee increases to 12 per cent, as planned.
Policy report

Implications of the Retirement Income Review: public advocacy of private profligacy?

The recent Retirement Income Review (RIR) implies policies that would reduce after-tax returns to super saving, encourage faster spending of life savings and of equity in the family home, and minimise bequests. This paper argues that the RIR relies on contested Treasury ‘tax expenditure’ estimates...
Policy report

Housing affordability and superannuation

There have been several comprehensive reviews that have rigorously assessed the superannuation system in Australia over the last decade or so. None of these has recommended the early release of superannuation for housing deposits, while several have made recommendations to the contrary.
Report

Retirement Income Review: final report

This review report covers the current state of the superannuation system and how it will perform in the future as Australians live longer and the population ages. The review considered the incentives for people to self-fund their retirement, the fiscal sustainability of the system, the...
Report

Retirement planning, saving and attitudes: survey report

This report informed the work of the 2020 Retirement Income Review, by presenting results from an online survey about retirement planning, saving and attitudes.
Policy report

Your future, your super

Australia’s $3 trillion superannuation system is the fourth largest in the world and is responsible for managing the retirement savings of 16 million Australians. This document outlines some reform options to make the superannuation system better for members.
Working paper

Does the early release of retirement savings prolong labour market participation for workers approaching retirement? Evidence from Australia's 'Transition to Retirement Income Streams' program

The Transition to Retirement Income Streams (TRIS) program is a novel approach to incentivise the labour supply of older workers. This paper considers the effect of the program in the context of a life cycle model and empirically examines the effects on labour supply and...
Report

Retirement income review modelling - fiscal results

Industry Super Australia (ISA), in the context of the federal government’s Retirement Income Review, commissioned this research from Rice Warner to assess the impacts of various policy options utilising their comprehensive econometric model of the Australian superannuation system.
Report

Super in the economy 2020

This report shows industry super funds’ investment performance has added billions of dollars to members’ retirement savings and deepened Australia's national savings pool, helping protect the economy during downturns. The report includes forecasts based on the present legislated scenario of small, incremental increases in the...
Briefing paper

Long-term costs of the COVID early release of super scheme

This briefing note examines the long-term impact of the COVID early superannuation release scheme on retirement incomes and age pension entitlements.
Discussion paper

The 'herstory' of superannuation

This report looks at the history of superannuation for Australian women, marks its progress towards equity, and identifies what more could to be done to improve the system in order to mitigate women’s vulnerability to poverty in retirement.