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OECD: Australia's unemployment payments way too low

OECD: Australia's unemployment payments way too low
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

Age Pension , Aged Pension , Coronavirus Supplement , வாழ்நாள் ஓய்வூதியம் , வயதேறிய ஓய்வூதியம் ,

Super rorts are costing the budget billions

MacroBusiness
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at 12:30 pm on July 22, 2021 | 8 comments
The ABC’ business editor Ian Verrender has published an explosive report on how Australia’s wealthy use Australia’s superannuation concession system to shelter themselves from paying taxes:
Back in 1992, when compulsory superannuation was introduced, it was supposed to take the pressure off federal government finances; to augment the age pension.
But superannuation tax breaks introduced over the decades since now threaten to overwhelm the budget within the next 20 years, costing more than a national pension.
Along the way, those tax breaks have helped transform the scheme from a retirement fund into a tax shelter, primarily used as an intergenerational wealth transfer system for the nation’s richest families… ....

Ian Verrender , Intergenerational Report , Retirement Income Review , Aged Pension , Age Pension , இடைநிலை அறிக்கை , ஓய்வு வருமானம் விமர்சனம் , வயதேறிய ஓய்வூதியம் , வாழ்நாள் ஓய்வூதியம் ,

Rush on for elderly parent visas - MacroBusiness

MacroBusiness
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at 10:00 am on July 6, 2021 | 16 comments
The latest Intergenerational Report (IGR) from the Australian Treasury warned incessantly that Australia faces an ageing population timebomb in the decades ahead that will slow economic growth and derail the federal budget’s return to surplus.
Given the Treasury’s bluster over an ageing population, it is hard to believe that policy makers still allow migrant Australians to import around 9,000 elderly parents into Australia each year via the permanent parental visa program. Doing so immediately ages Australia’s population while adding directly to the burden on economic and social infrastructure that has been paid for by other Australians. ....

Seema Chauhan , Productivity Commission , Department Of Home Affairs , Intergenerational Report , Australian Treasury , Home Affairs , Aged Pension , சீமா ச U கான் , ப்ரோடுக்டிவிடீ தரகு , துறை ஆஃப் வீடு வாழ்க்கைத்தொழில்கள் , இடைநிலை அறிக்கை , ஆஸ்திரேலிய கருவூலம் , வீடு வாழ்க்கைத்தொழில்கள் , வயதேறிய ஓய்வூதியம் ,

Funds will be biggest winners from super increase

MacroBusiness
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at 1:00 pm on July 1, 2021 | 0 comments
Treasury’s Intergenerational Report showed that superannuation funds under management will soar from around 157% of GDP currently to a projected 244% of GDP by 30 June 2061:
As at 31 March 2021 the superannuation system had assets under management valued around 157 per cent of GDP.80 It is projected this will grow to around 244 per cent of GDP by 30 June 2061. Of this amount, it is estimated that almost three-quarters of funds under management will be held in the accumulation phase.
The IGR also showed that the cost of superannuation concessions will over take the cost of providing the aged pension: ....

Intergenerational Report , Age Pension , Retirement Income Review , Aged Pension , இடைநிலை அறிக்கை , வாழ்நாள் ஓய்வூதியம் , ஓய்வு வருமானம் விமர்சனம் , வயதேறிய ஓய்வூதியம் ,

Budget measures designed to give retirees control in increasingly 'opaque' super environment

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