Should our super system look more like Singapore?

Last week's blog post, How high is high income?, generated more comments than any other. The response (and the responses to earlier posts on retirement savings) show that there is a genuine interest in reform of the super system - to improve it, not just tax it.With that in mind, this week's post comes from Michael Beatty, a lawyer who has worked internationally on super and employee benefits for over 15 years. He has also written, spoken and published on this fields. Michael is originally from Canada and has worked in Canada, Bermuda, the UK and Australia. He currently resides in...

Last week's blog post, How high is high income?, generated more comments than any other. The response (and the responses to earlier posts on retirement savings) show that there is a genuine interest in reform of the super system - to improve it, not just tax it.

One of the reasons mandatory superannuation was established in Australia was to increase Australians' rate of savings. But one of the major forms of savings - paying off the mortgage - is off limits.

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