Business
Coalition paves way for scrapping planned rise in superannuation guarantee – The Guardian
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 Frydenbergs office ahead of the reports official release on Friday put greater emphasis on Australians using voluntary savings, including equity within their homes, ahead of raising compulsory superannuation contributions.
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