A Stronger Superannuation System

Good regulation paves the way for great living, at the moment we perceive there are some roadblocks in Australia’s superannuation system that can be reworked.

Removal of maximum superannuation contribution caps

The reasoning behind this is quite simple, the more an Australian can put into their super earlier, the more self reliant they will be in their retirement and the more they will be able to contribute to future generations of their family and Australians. No max to employee contributions or post-tax contributions.

Age of retirement

Have two minimum ages of retirement, one which is means tested from 55+, where, if you can self-support yourself sufficiently then you are able to retire, the other at age 65+ where anyone can retire.

Removal of minimum drawdowns in pension phase

Quite simple logic, why be forced to take money out if you don’t need it? Remove the forced minimum drawdowns.

Allow further contributions

In pension phase after retirement, allow future contributions as though still in accumulation phase.

Transfer Balance Cap

An increase to the Transfer Balance Cap, with multiple levels of tax like our tiered taxation system.

These initiatives simplify Australian super laws and allow us to increase Australia’s wealth for future generations to come and allow current day Australians to prepare better for enjoying their own retirement.