Coalition paves way for scrapping planned rise in superannuation guarantee

Retirement income review to emphasise Australians using ‘voluntary savings’, saying a lift in compulsory super rate would hurt wages growth The Morrison government is laying the groundwork to scrap the already legislated increase to the superannuation guarantee, declaring the retirement income review has found current policy settings are suitable. A summation of the retirement income review distributed by treasurer Josh Frydenberg’s office ahead of the report’s official release on Friday put greater emphasis on Australians using “voluntary savings”, including equity within their homes, ahead of raising compulsory superannuation contributions. Continue reading...

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Nov 19, 2020 - 17:15
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Retirement income review to emphasise Australians using ‘voluntary savings’, saying a lift in compulsory super rate would hurt wages growth The Morrison government is laying the groundwork to scrap the already legislated increase to the superannuation guarantee, declaring the retirement income review has found current policy settings are suitable. A summation of the retirement income review distributed by treasurer Josh Frydenberg’s office ahead of the report’s official release on Friday put greater emphasis on Australians using “voluntary savings”, including equity within their homes, ahead of raising compulsory superannuation contributions. Continue reading...