Super Guarantee rate

“No plans” to change increases to Super Guarantee rate: Treasurer

Treasurer Josh Frydenberg has repeated that the Government has “no plans” to change the legislated increases to the Super Guarantee rate. Asked on ABC’s Insiders if the Government was committed to increasing the Super Guarantee rate to 12% by 2025, the Treasurer said: “We have no plans to change that legislated increase.” The Super Guarantee …

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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 for a comfortable retirement by …

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Superannuation Guarantee rate would have now been 12%

The Superannuation Guarantee rate would now have been 12%, under Labor’s legislated timetable. But, after delays legislated under the Coalition, it remains at 9.5% and won’t reach 12% until 2025. If the Coalition hadn’t froze and delayed increases to the Superannuation Guarantee it would have gone to 12% on 1 July 2019 (up from 11.5%). …

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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% by 2025 – the currently …

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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 suggest that compulsory superannuation – …

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Labor won’t accept any more delays to Super Guarantee rate increases

Shadow Treasurer Chris Bowen has said the Labor Party will not accept any further delays to increases in the Superannuation Guarantee rate. “Let me make it clear that the Labor Party does not regard a 9.5 per cent SG as providing adequacy – we will brook no further delay to the legislated timetable,” he told …

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