The Effects of Superannuation Tax Concessions on Private Savings

Research output: Book/ReportCommissioned ReportOther


In this report, we have examined the impacts of three aspects of Australia’s superannuation policies on household saving(s).
Our results show that superannuation tax concessions do not have any significantly negative effect on household savings in Australia. As a whole, the tax policies seem to improve household superannuation balances to some extent, and not at the expense of other non-super wealth. Hence, new wealth is generated. However, the impact on wealth is marginal. These findings are consistent with behavioural theories that argue most savers are passive. Holistically, tax incentives may work better when coupled with non-tax based behavioural incentives.
Original languageEnglish
Place of PublicationAustralia
PublisherAustralian Government, The Treasury
Commissioning bodyAustralian Federal Government
Number of pages54
Publication statusPublished - Jun 2020

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