Real problem with small super accounts is $450 SG threshold: CAANZ

The real problem with small superannuation accounts is the $450 monthly threshold to receive Superannuation Guarantee, which should be “dramatically” raised according to the accounting body Chartered Accountants Australia & New Zealand (CAANZ).

The Government announced in the 2018 Budget

Super Guarantee $450 threshold creates ‘underclass’ of workers

The minimum earnings threshold to receive Superannuation Guarantee payments creates an ‘underclass’ of workers, says the Association of Superannuation Funds of Australia (ASFA).

ASFA says the “biggest losers” are those men and women working in the sales, community and personal

Minimum Super Guarantee threshold disadvantaging Aboriginal peoples

The $450 monthly income threshold to receive Superannuation Guarantee payments disadvantages Aboriginal and Torres Strait Islander peoples and should be removed, says the Indigenous Superannuation Working Group (ISWG).

Under current rules employers are not required to pay Super Guarantee to

Super Guarantee should be for everyone, abolish $450 threshold: ASFA

Superannuation should be for everyone, says the Association of Superannuation Funds of Australia (ASFA), which is calling for the minimum threshold for receiving Super Guarantee to be abolished.

ASFA says the $450 a month wage threshold to receive Super Guarantee

$450 SG threshold a barrier preventing women from a dignified retirement

The $450 monthly threshold to receive Superannuation Guarantee is a barrier preventing women from reaching a dignified retirement and should be removed, says Australian Institute of Superannuation Trustees (AIST) and Women in Super.

Data from an Essential Media poll, commissioned