PPRuNe Forums - View Single Post - War in Australia (any Oz Politics): the Original
Old 23rd Apr 2015, 04:04
  #17060 (permalink)  
John Eacott
 
Join Date: Aug 1999
Location: Gold Coast, Australia
Age: 73
Posts: 4,293
If a political party were to seriously look at the mess that is our current superannuation system, they could do worse than review the Registered Retirement Savings Plan used by the Canadians.

Contributions are tax deductible (tax free, essentially), interest/investment returns are tax free in growth, and the only tax levied is on withdrawals made when retired.

This allows a substantially larger investment base on which to gain growth, and an equitable taxation on retirement. And it would also (if applied equitably) bring the politicians benefits into line with the electorate that they 'serve'
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