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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…
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