02,12,20 | Superannuation
A growing number of Liberal MPs are publicly calling for promised increases to super to be abandoned, while continuing to pocket 15.4% super in their own taxpayer-funded salaries. Treasurer Josh Frydenberg said the decision to increase the super rate would be...
02,12,20 | Superannuation
A recent government review has found “the Australian retirement income system is effective, sound and its costs are broadly sustainable”. Australia’s retirement system has also once again ranked highly in the annual global index, finishing 2020 as the world’s fourth...
02,12,20 | Superannuation
As workers await their legislated 0.5% rise in superannuation next year, some employers and government MPs are attempting to cancel the ‘unaffordable’ increase. As Paul Keating, former Prime Minister and architect of our super system, told ABC’s 7.30 this week, the...
25,11,20 | Equity, Superannuation
While Australia is in the grips of its first recession in 30 years due to COVID-19, many employers and some members of government are arguing a planned increase of the super guarantee (SG) to 12% is unaffordable. Successive coalition governments have frozen increases...
22,08,20 | Superannuation
Nearly 600,000 workers aged under 35 have drained their super balance to zero under the federal government’s controversial early access scheme. Since the government introduced the scheme as part of the COVID-19 economic response, 2.5 million Australians have...
18,02,20 | Superannuation
The federal government’s superannuation freeze has cost workers thousands in retirement savings and failed to stimulate wage growth, according to a new report. The federal government’s decision to freeze the superannuation guarantee (SG) rate at 9.5 per cent in 2014...
01,10,19 | Equity, Superannuation
The rate of Australian women facing financial crisis and poverty as they approach retirement is on the rise due to a failing superannuation system that leaves a majority of women with 47% less superannuation than men. Interrupted careers, lower paid jobs and part-time...
