logo
spacer
spacer

 eWombat Search 
>
spacer spacer spacer
Latest Accounting News
Hot Issues
In case you missed it – The company tax Bill that did pass Parliament.
GST spotlight headed to smaller end of town
Superannuation Amnesty – Maybe! Maybe Not!
ATO drills in car-sharing focus this tax time
What is Bankruptcy?
Update of Australia's vital statistics
ATO speaks on risk factors, surveillance triggers for FY19
ATO’s corporate residency guidance cops backlash
ATO dispels top tax time myths to clients as clampdown rolls out
Tools for budgeting, cash flow, Super and more ….
Guidance for SMSFs on transfer balance reporting
ATO issues alert on super, tax scams
Salary sacrifice integrity
Understanding the evolution of blockchain and cryptocurrencies
Update to Australia's vital statistics
Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds
SMSFs - Our 'hardest' jobs
Tax Office reveals adventurous, dubious claims ahead of tax time
ATO reveals top tax time mistakes, set to contact 1 million taxpayers
Watch out for charges with incoming GST laws.
Super savings gap for women stuck at 30%
‘Wipe the slate clean’: Clients, accountants urged to use new amnesty period
Statistics for all Australians
Touch Payroll (STP)
Articles archive
Quarter 2 April - June 2018
Quarter 1 January - March 2018
Quarter 4 October - December 2017
Quarter 3 July - September 2017
Quarter 2 April - June 2017
Quarter 1 January - March 2017
Quarter 4 October - December 2016
Quarter 3 July - September 2016
Quarter 2 April - June 2016
Quarter 1 January - March 2016
Quarter 4 October - December 2015
Quarter 3 July - September 2015
Quarter 2 April - June 2015
Quarter 1 January - March 2015
Quarter 4 October - December 2014
Quarter 1 of 2016
Articles
Preservation Age Rules affects those born after 1 July 1960
SBEs 'to save millions
Ransomware - BEWARE!
No Change to Super Fund Borrowing Rules (yet)
Property to remain at top of ATO’s hit list
Turnbull stands firm amid SG freeze speculation
Tax breaks, education and access to advice key to successful transition to retirement
Dying Without a Will
Tax breaks, education and access to advice key to successful transition to retirement

 

As pressure grows for the Federal Government to scrap the superannuation tax concessions, ....


.... an international survey found most respondents believed tax breaks on long-term savings and retirement products would encourage them to save more for retirement.



     


The Aegon Center for Longevity and Retirement, Retirement Readiness Survey 2015 revealed a further 18 per cent felt that better financial education would improve their ability to plan for their retirement, while another 17 per cent believed improved access to advice would be crucial to securing a successful transition to retirement.


"Given the current pressures on public finances in many countries, it is crucial that governments maintain a commitment to tax incentivized long-term savings," the report said.


"Across many of the countries in our survey, governments recognize their role in promoting access to information and advice, but there is still much progress to make."


The survey found that just 14 per cent of Australians aged 55 or older believed they would retire before reaching 65, compared with the global average of 26 per cent.


However, 77 per cent of Australians envisioned that they would have a flexible transition to retirement, while only 55 per cent of respondents internationally believed they would be able to follow that path.


The survey also found that Australian workers over 55-years-old were more likely to be offered retraining or reskilling opportunities (12 per cent) than their peers around the world (nine per cent).


Australian workers were also more likely to be offered the chance to more from full-time to part-time employment (38 per cent) than those overseas (27 per cent).


 


By Nicholas O'Donoghue 
29 January 2016
accountantsdaily.com.au
 




15th-February-2016