Business
Superannuation: Why workers will pay for compulsory super increase – NEWS.com.au
Grattan Institute: Increases to superannuation contributions will come at expense of wage growth
A Melbourne-based think tank says the planned increase in compulsory superannuation contributions will come at the expense of future wage growth, exacerbating the economic shock caused by the coronavirus pandemic. The Grattan Institute report shows the early release of superannuation is not a valid reason for contributions paid by employers to increase from 9.5 per cent to 12 per cent.
Superannuation guarantee benefits are legislated to incrementally rise to 12 per cent over the next five years…
-
Business16 hours agoWhy is Alphabet stock worth less than Nvidia, Microsoft, Apple, and Amazon even though it is the most profitable S&P 500 company?
-
General22 hours agoMichael Beatty, veteran current affairs journalist and animal welfare advocate, dies aged 76
-
Noosa News15 hours ago‘Sunny, benign’ school holiday weather after morning showers in parts of Queensland
-
Noosa News12 hours agoTips to improve engagement – Proctor