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dc.contributor.authorSamarkovski, Lisa
dc.contributor.authorCopp, Richard
dc.contributor.authorWiafe, Osei
dc.contributor.authorFreudenberg, Brett
dc.date.accessioned2017-08-03T00:41:52Z
dc.date.available2017-08-03T00:41:52Z
dc.date.issued2017
dc.identifier.issn0812-695X
dc.identifier.urihttp://hdl.handle.net/10072/343048
dc.description.abstractPrior empirical studies on superannuation in Australia have investigated the adequacy of superannuation to fund retirement on a pre‑tax basis. Also, government policy in this area is often predicated on simplistic assumptions and methodologies, with little or no empirical evidence of the impacts of superannuation taxation arrangements on retirement wealth and the adequacy of default superannuation plans. This “baseline” study fills this gap in the literature by providing evidence about the prospect of a representative member of a complying superannuation fund in Australia, on retirement, having sufficient accumulated superannuation to adequately fund their retirement under current taxation arrangements. We assume the fund utilises a typical default asset allocation, and we use a bootstrap simulation approach to generate relevant asset returns. We compare a representative retiree’s terminal wealth at vesting age with a nominal retirement wealth target. Our results suggest that a representative member under current superannuation taxation arrangements has a roughly 50% chance of not accumulating sufficient superannuation to meet a reasonable retirement wealth target by retirement age.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherTax Institute of Australia
dc.publisher.urihttps://www.taxinstitute.com.au/resources/books-and-journals/australian-tax-forum
dc.relation.ispartofpagefrom225
dc.relation.ispartofpageto245
dc.relation.ispartofissue1
dc.relation.ispartofjournalAustralian Tax Forum
dc.relation.ispartofvolume32
dc.subject.fieldofresearchTaxation Law
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchPolicy and Administration
dc.subject.fieldofresearchLaw
dc.subject.fieldofresearchcode180125
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1605
dc.subject.fieldofresearchcode1801
dc.titleThe Impact of Tax on the Prospects of Achieving Target Retirement Wealth in Australian Default Superannuation Plans
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionVersion of Record (VoR)
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© The Author(s) 2017. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal’s website or contact the author[s].
gro.hasfulltextFull Text
gro.griffith.authorFreudenberg, Brett D.
gro.griffith.authorCopp, Richard I.
gro.griffith.authorSamarkovski, Lisa
gro.griffith.authorWiafe, Osei K.


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