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What the superannuation wars mean for you – ABC News
An increase in the amount of superannuation your employer socks away for you each month, is going to cost you. That’s right, you, writes Ian Verrender.
The decision, it seems, is in.
An increase in the amount of superannuation your employer socks away for you each month is going to cost you. That’s right, you.
That extra money that is put away for your retirement is cash that you won’t be receiving as a pay rise in the near future.
It’s just one of a multitude of findings from the Retirement Income Review, a 600-plus page document compiled by Mike Callaghan, a former Treasury heavyweight and one-time chief of staff for former treasurer Peter Costello.
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