Higher cap is a step in the right direction

By Alexandra Cain
Updated May 13 2014 - 10:11am, first published April 23 2014 - 3:00am
Balance: the government must help people save for retirement while collecting enough tax.
Balance: the government must help people save for retirement while collecting enough tax.

The federal government has recently lifted the concessional contribution cap, prompting debate on whether it should be raised further. With the number of people receiving the aged pension rising every year, there's an argument that it is in the government's interest to encourage people to fund their own retirement, rather than rely on welfare in their old age.

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