Superannuation taxation should not be an exercise in social envy

2013-04-16 Dwyer to AFR re superannuation taxation


If governments were serious about making sure superannuation did its job of providing retirement income, rather than seeking to punish it by taxation, they would be making sure it was paid out as income and replaced public welfare spending on pensions and benefits.

But that might upset those benefiting from the continuing “Age of Entitlement”.

Tax attacks on superannuation based on social envy will merely drive people to get tax advice on other possible investment vehicles.