Business
Super increase at odds with Govt’s wage rise plan: Hume – Yahoo Finance Australia
Choosing between wage rises and superannuation increase was a tough decision, the Superannuation Minister has said.
(Source: Getty)
The scheduled increase to the superannuation rate is already set in legislation, despite industry experts arguing it will suppress wage growth, the superannuation minister has said.
Federal Minister for Superannuation, Financial Services and the Digital Economy Jane Hume said it was a tough decision, but the increase of the superannuation guarantee (SG) from 9.5 per cent to 10 per cent was already set in law.
The Prime Minister has said it, the Treasurer has said it: the super guarantee…
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