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(December-2002) Super not yet in the too hard basket: Howard
Prime Minister John Howard recently said he didn’t foresee any radical overhaul of the current taxation of superannuation arrangements, but there was a “capacity for incremental improvement and change”.
Addressing the Committee for Economic Development of Australia in Sydney last month, he noted that taxation of super was “certainly not off the agenda, certainly not in the too hard basket, but I don’t think it’s something that we’re going to turn on its head. But I do think there are some valuable incremental changes that can be made which will make it, I hope, more attractive”.
And at the Financial Planning Association (FPA) conference in Sydney last month, Howard also renewed his call for Australians to work longer in order to combat the potential fiscal crisis looming as result of the country’s ageing population.
“We have to realise that the cult of early retirement that we encouraged so enthusiastically as a nation a generation ago, has to be changed,” he said.
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