Access to superannuation
Early access to superannuation
The Australian superannuation industry
Initially only available to employees in certain industries and professions, superannuation coverage is now more or less universal – a consequence of decades of ongoing reform. This resources provides an overview of Australia's superannuation system.
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.
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.
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.
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...
Fact Check: Paul Keating says people are being allowed early access to their super with no scrutiny whatsoever. Is he correct?
Hundreds of thousands of Australians have rushed to access their superannuation early as part of the Federal Government's coronavirus response plan. But with more than $30 billion now withdrawn, questions are being asked about the wisdom of raiding future retirement savings to pay for the...
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.
Supporting Australian workers and business
The Commonwealth Government has today released the second stage of its economic plan to cushion the economic impact of the coronavirus and help build a bridge to recovery. A total of $189 billion is being injected into the economy by all arms of Government in...