Business
Superannuation brawl looms as guarantee faces cap – The Australian Financial Review
The government is leaving open the option of capping the superannuation guarantee in the May budget, sparking threats from Labor, the unions and the industry of…
“Like any complex system, it is not beyond improvement and the report’s many observations and detailed analysis will be used by the government in consideration of future policy decisions,” he said.
The report, which makes no recommendations, backs former prime minister Paul Keating’s rationale for introducing compulsory super, saying without it, middle-income earners would not save enough for retirement.
It suggests there are alternatives to increasing the rate above 9.5 per cent, such as accessing…
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