Business
Early super scheme doesn’t justify hikes to super guarantee: Grattan – The New Daily
Most workers will still live comfortably in retirement without increases to compulsory employer contributions, according to the Grattan Institute.
Most workers will still live comfortably in retirement without increases to compulsory employer contributions, even if they have withdrawn $20,000 from their accounts, the Grattan Institute believes.
The independent think tank on Friday released new modelling to argue the government’s early super access scheme does not warrant increasing the superannuation guarantee over the next five years from 9.5 per cent of wages to 12 per cent.
The report suggests that raising the rate would slow the pace…
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