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Longitudinal Study: HILDA
Title: Household savings and retirement Where has all my super gone? KELLYresearch October 2012 A report on superannuation and retirement for CPA Australia
Authors: Kelly, Simon 
Institution: CPA Australia
Publication Date: Oct-2012
Publisher: CPA Australia Ltd
Pages: 42
Keywords: retirement
superannuation guarantee
ageing population
household savings
Abstract: 2012 marks 20 years of compulsory superannuation. When SG was introduced its aims were to reduce dependence on the age pension and provide a higher standard of living in retirement for the ageing population. At that time, it was thought retirees could live on 40 per cent of the husband’s pre-retirement income. Now, it is widely acknowledged that 60-65 per cent of the pre-retirement household income should be the retirement income target. In 2010 that was $67,500 per year. In addition to changing expectations, there are a lot more retirees, people are living longer, economic prosperity has come and gone, and house prices and share markets have soared and declined. These changes have had a profound impact. This report examines these changes.
ISBN: 978-1-921742-35-4
Keywords: Income & Finance -- Financial Management (inc Budgeting); Ageing -- Superannuation usage and finance for aged care; Ageing -- Retirement
Research collection: Reports and technical papers
Appears in Collections:Reports

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