[LINK] ATO wants tech to make tax and super "just happen"

[JLWhitaker]

On 11/12/2018 8:35 AM, Tom Worthington wrote:
> Superannuation would be a little harder to fix. How about something 
> similar to Singapore? Make the Australian Future Fund the default 
> super fund, allow the use of an alternative fund only after you have a 
> "Minimum Retirement Sum", and pay out only as a lifetime annuity on 
> retirement? That should remove the need for most people to worry about 
> super, and most of the complexity the ATO has to handle. It would also 
> reduce costs, and reduce manipulation of the system for tax avoidance 
> and estate planning. https://en.wikipedia.org/wiki/Central_Provident_Fund

In the US, this is called The Social Security Administration. But we 
know how Congress messes with that money.....

Jan

-- 
Melbourne, Victoria, Australia
jwhit at janwhitaker.com
Twitter: @JL_Whitaker
Blog: www.janwhitaker.com

Sooner or later, I hate to break it to you, you're gonna die, so how do you fill in the space between here and there? It's yours. Seize your space.
~Margaret Atwood, writer

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