Taxing pensioners’ other income at higher rate ‘could be better way to make super affordable’

Taxing pensioners' other income at higher rate 'could be better way to make super affordable'

The Prime Minister is standing firm on the political hot potato of superannuation, despite Treasury warning the cost of the ageing population is on an "unsustainable" track.

Treating the pension as a basic income, and taxing pensioners’ other earnings at a higher rate, could be a better option to lower the cost of superannuation than raising the age of eligibility or cutting the amount paid, researchers say.

Associate Professor Susan St John, of the University of Auckland Retirement Policy and Research Centre, released a briefing last week which updated work done in 2019, in the context of Treasury’s fiscal projections for […]

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