Taxes, Retirement Transfers, and Annuities

HAZEL BATEMAN; GEOFFREY KINGSTON; JOHN PIGGOTT

doi:10.1111/j.1475-4932.1993.tb02107.x

Taxes, Retirement Transfers, and Annuities

HAZEL BATEMAN^*, GEOFFREY KINGSTON, JOHN PIGGOTT

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

Abstract

In most countries, retirement benefits from pension saving must be taken as an annuity. By contrast, Australia allows benefits to be taken as a lump sum, and instead has recently introduced various tax incentives to encourage annuity purchase. This paper investigates the effectiveness of these tax concessions, and concludes that they do little to achieve this objective This is because they are nullified by the provisions of the broader tax and social security framework within which Australian private pension policy is set

Original language	English
Pages (from-to)	274-284
Number of pages	11
Journal	Economic Record
Volume	69
Issue number	3
DOIs	https://doi.org/10.1111/j.1475-4932.1993.tb02107.x
Publication status	Published - 1993
Externally published	Yes

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Cite this

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author = "HAZEL BATEMAN and GEOFFREY KINGSTON and JOHN PIGGOTT",

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AB - In most countries, retirement benefits from pension saving must be taken as an annuity. By contrast, Australia allows benefits to be taken as a lump sum, and instead has recently introduced various tax incentives to encourage annuity purchase. This paper investigates the effectiveness of these tax concessions, and concludes that they do little to achieve this objective This is because they are nullified by the provisions of the broader tax and social security framework within which Australian private pension policy is set

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Taxes, Retirement Transfers, and Annuities

Abstract

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