Superannuation advice should be a priority area for tax-deductibility, according to a new survey.
The survey revealed strong support for the Government to make the provision of financial advice tax-deductible, with most support for advice around superannuation and transition to retirement.
By comparison, there was significantly less support for allowing advice around products such as life/risk insurance tax deductible.
The survey, conducted by Super Review’s sister publication, Money Management, came at the same time as the Financial Planning Association (FPA) urged the Senate Economics Legislation Committee to make advice around insurance inside superannuation tax-deductible.
However, survey respondents signalled their ambivalence about tax-deductibility where product sales were involved.