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The Australian superannuation framework : implications for retirement savings

journal contribution
posted on 2010-12-01, 00:00 authored by M Ntalianis, Victoria Wise
The provision of retirement income has become a challenge for governments across the world. The population is ageing as a result of lower mortality and fertility rates: this places financial stress on government budgets as welfare spending increases, further compounded by a proportional reduction in working-age taxpayers. The Australian government has introduced a compulsory superannuation charge on employers to assist retirement savings. Even though savings in superannuation have increased significantly over the years, many will still have insufficient savings to fund their retirement. Recent changes to the superannuation framework have emphasised the importance the government places on supporting future generations of Australians in retirement.

History

Journal

Global business & economics anthology

Volume

2

Issue

1

Pagination

54 - 64

Publisher

The Business & Economics Society International

Location

Worcester, Mass.

ISSN

1553-1392

Language

eng

Notes

Reproduced with the kind permission of the copyright owner.

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2010, Business & Economics Society International

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