Women, superannuation and the SGC.
Superannuation is the Commonwealth Government?s preferred system for the provision of income in retirement. Generous taxation concessions together with legislated employer compulsory contributions underpin recent growth in the coverage of superannuation. By definition, occupational superannuation be...
| Main Authors: | , |
|---|---|
| Format: | Working Paper |
| Published: |
Curtin University of Technology
2001
|
| Online Access: | http://hdl.handle.net/20.500.11937/44133 |
| _version_ | 1848756909859930112 |
|---|---|
| author | Preston, Alison Austen, Siobhan |
| author_facet | Preston, Alison Austen, Siobhan |
| author_sort | Preston, Alison |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Superannuation is the Commonwealth Government?s preferred system for the provision of income in retirement. Generous taxation concessions together with legislated employer compulsory contributions underpin recent growth in the coverage of superannuation. By definition, occupational superannuation benefits those with a strong attachment to the workforce. Employment in a part-time capacity and, or, a low-paid, low status occupation places a significant constraint on the capacity of individuals to accumulate retirement savings. The policy shift towards this form of retirement income system thus has particular adverse consequences for women. Using micro-simulations this paper estimates the final lump-sum that women with a range of different work and other characteristics could expect to save under a Superannuation Guarantee accumulation arrangement. Adequacy assessments suggest that, even under a fully-matured SGC system, a typical woman will remain heavily dependent on the age pension in retirement. The results highlight the need for greater public debate over government policy with respect to the whole retirement income system rather than a narrow focus on superannuation. |
| first_indexed | 2025-11-14T09:19:42Z |
| format | Working Paper |
| id | curtin-20.500.11937-44133 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:19:42Z |
| publishDate | 2001 |
| publisher | Curtin University of Technology |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-441332017-01-30T15:12:15Z Women, superannuation and the SGC. Preston, Alison Austen, Siobhan Superannuation is the Commonwealth Government?s preferred system for the provision of income in retirement. Generous taxation concessions together with legislated employer compulsory contributions underpin recent growth in the coverage of superannuation. By definition, occupational superannuation benefits those with a strong attachment to the workforce. Employment in a part-time capacity and, or, a low-paid, low status occupation places a significant constraint on the capacity of individuals to accumulate retirement savings. The policy shift towards this form of retirement income system thus has particular adverse consequences for women. Using micro-simulations this paper estimates the final lump-sum that women with a range of different work and other characteristics could expect to save under a Superannuation Guarantee accumulation arrangement. Adequacy assessments suggest that, even under a fully-matured SGC system, a typical woman will remain heavily dependent on the age pension in retirement. The results highlight the need for greater public debate over government policy with respect to the whole retirement income system rather than a narrow focus on superannuation. 2001 Working Paper http://hdl.handle.net/20.500.11937/44133 Curtin University of Technology fulltext |
| spellingShingle | Preston, Alison Austen, Siobhan Women, superannuation and the SGC. |
| title | Women, superannuation and the SGC. |
| title_full | Women, superannuation and the SGC. |
| title_fullStr | Women, superannuation and the SGC. |
| title_full_unstemmed | Women, superannuation and the SGC. |
| title_short | Women, superannuation and the SGC. |
| title_sort | women, superannuation and the sgc. |
| url | http://hdl.handle.net/20.500.11937/44133 |