Super Guarantee rate

Australians reject slower increase to Super Guarantee rate, survey finds

Australians have “overwhelmingly rejected” an attempt to slow or freeze increases in the Superannuation Guarantee, says Industry Super Australia. A survey, released by Industry Super Australia, found 87% supported the Super Guarantee rate rising from 9.5%, with some preferring either 10%, 12% or 15%. The Super Guarantee rate is currently… Read More »Australians reject slower increase to Super Guarantee rate, survey finds

Low income earners should be able to opt-out of Super Guarantee: Liberal Senator

A Liberal Senator has argued for allowing people on low incomes to opt-out of receiving Super Guarantee contributions – instead receiving the money directly – at a time when senior members are ruling out changes to the Super Guarantee. Liberal Senator Andrew Bragg has used his first speech to the… Read More »Low income earners should be able to opt-out of Super Guarantee: Liberal Senator

Morrison must rule out delays to Super Guarantee rate increases: Labor

Labor has called on the Prime Minister to rule out further delays to the legislated increases in the Superannuation Guarantee rate, after reports that backbenchers are agitating for such a delay. Labor’s Shadow Treasurer Jim Chalmers said: “Scott Morrison must rule out calls from his backbenchers to hurt workers saving… Read More »Morrison must rule out delays to Super Guarantee rate increases: Labor

Overwhelming support for 12% Super Guarantee rate by 2025

There is “overwhelming” support for increasing the Super Guarantee rate to 12% by 2025, polling commissioned by the Association of Superannuation Funds of Australia (ASFA) has found. The polling found 79.9% support (either ‘strongly support’ or ‘support’) for gradually increasing the Superannuation Guarantee rate from its current 9.5% to 12%… Read More »Overwhelming support for 12% Super Guarantee rate by 2025

Easier for Millennials to save a home deposit without Super Guarantee

The Centre for Independent Studies argues that younger people would find it easier to save for a home deposit with lower levels of compulsory superannuation contributions. The Centre for Independent Studies (CIS) policy paper, Millennials and Super: the case for voluntary superannuation, doesn’t make any firm recommendations, but does strongly… Read More »Easier for Millennials to save a home deposit without Super Guarantee