1.8 million Australians could miss out on $2.5b in potential super tax savings, HESTA estimates
Retirement experts propose automatic transfers or a one-click pension; Wilson says some people do not know how to make the switch
In an opinion piece, money contributor Bec Wilson reports that research from super fund HESTA estimates 1.8 million Australians who could have moved their super into a retirement phase account have not done so, and could collectively be missing out on about $2.5 billion a year in potential tax savings. The article also discusses proposals to make it easier for people to access retirement income.