Fundamental Problems With Retirement Income System

YourLifeChoices reports - Biggest trap for retirees? Our entire retirement income system

YourLifeChoices states, "Australia must confront fundamental problems with its retirement income system."


Noting in their article the following major points -

• "Of the 36 OECD (developed) countries, Australia has the sixth highest rate of poverty in retirement."

• "Super tax concessions are worth $41 billion per year. The richest 20 per cent of retirees get 60 per cent. The bottom half get just 11 per cent."

• "The cost of super tax concessions will soon be larger than the cost of the Age Pension."

See full article here at this link - https://www.yourlifechoices.com.au/retirement/retirement-income/money-going-to-the-wrong-people