Can simplifying super make it stronger?

Jun 19, 2012


Matt Linden believes the Government’s latest changes will make super simpler, accessible and more relevant for those who’ve taken their eye off the ball.

How much do you know about your super fund? Who is responsible for looking after your savings? Where and how is your money invested? Who runs the fund?

If you don’t know the answer to many of these questions, you’re not alone. While super is now the biggest asset after the family home, few take an active interest in how it is managed. Because super is compulsory and locked away until retirement, most of us assume it will be there when we need it and focus our financial attention on the here and now.

But Industry Super Network’s Matt Linden tells 3Q the Government’s new measures will make it easier for members to access and understand information about their account.

Childcare Rebate for Nannies

Apr 10, 2012

Q. Tony Abbott has said that if he became Prime Minister he would ask the Productivity Commission to look into extending the childcare rebate to childcare provided by nannies. Would you support or oppose the Government paying a childcare rebate for nannies?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total support

44%

33%

57%

33%

Total oppose

33%

49%

24%

44%

Strongly support

12%

9%

17%

10%

Support

32%

24%

40%

23%

Oppose

20%

27%

18%

20%

Strongly oppose

13%

22%

6%

24%

No opinion

22%

18%

19%

23%

44% support the Government paying a childcare rebate for nannies and 33% oppose. 49% of Labor voters and 44% of Greens voters are opposed but 57% of Liberal/National voters support the measure.

Support is higher among younger respondents – those aged under 45 split 53% support/24% oppose and those aged 45+ split 36% support/44% oppose.

48% of those on income under $600pw oppose and 32% support, but all higher income groups are more likely to support.

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Childcare Rebate

Apr 27, 2011

Q. The Federal Government currently pays parents 50 per cent of money they spend on childcare via its childcare rebate. Which of the following policies would you support most?

Total Vote Labor Vote Lib/Nat Vote Greens Men Women Age

18-34

Aged

35-54

Aged 55+
Maintaining the child care rebate at current levels 22% 23% 23% 25% 21% 22% 33% 18% 14%
Limiting the rebate to families earning less than $150,000 per annum 42% 46% 41% 44% 42% 42% 38% 42% 47%
Scrapping the rebate and paying the money directly to child care providers to contain costs and improve services 21% 25% 18% 18% 25% 18% 12% 24% 26%
Don’t know 15% 13% 11% 14% 12% 18% 17% 16% 12%

Only 22% favour maintaining the child care rebate at current levels – 42% think it should be means tested and 21% think it should be scrapped and the money paid directly to child care providers. There were no significant differences by voting intention.

Those aged 18-34 were more likely to support maintaining the rebate at current levels (33%) as were people earning over $1,600 pw (31%).  Limiting the rebate to families earning less than $150,000 was supported by 55% of people earning $1,000-$1,600 pw.

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