Taxes, Retirement Transfers, and Annuities

Hazel Bateman, Geoffrey Kingston and John Piggott

The Economic Record, 1993, vol. 69, issue 3, 274-284

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

Date: 1993
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https://doi.org/10.1111/j.1475-4932.1993.tb02107.x

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Working Paper: Taxes, Retirement Transfers, and Annuities (1992)
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