Super for housing, back again
The Grattan Institute is the latest to come out in favour of Super for Housing
This time it's the Grattan Institute:
Workers are compelled to over-contribute to superannuation and should be allowed to cash out anything above 8 per cent of wages, Grattan Institute housing policy expert Brendan Coates says.
“There is now a really strong case for allowing early access – ideally, not just for housing, but to allow people some choice,” Mr Coates told The Australian Financial Review Super & Wealth Summit.
“The best model is to basically allow people to cash out anything above about 8 to 9 per cent of wages each year at tax time, and have those withdrawals be added to their taxable income and taxed as wages.”
My views on this were articulated earlier here.