KPMG has recently released a report, which proposes policy options to help primary carers catch up on their superannuation balances to address the superannuation gap.
The report, The Gender Superannuation Gap: Addressing the Options, outline four options:
- Time-limited rebate of superannuation contributions tax (SCT).
- Create a Primary Carer Supplementary Concessional Cap
- Remove the five-year limit on utilisation of concessional caps for years spent as a primary carer
- Provide top-up superannuation contributions for primary carers (not on a co-contribution basis).
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