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…
-
General20 hours agoAustralian celebrity chef Peter Russell-Clarke dies aged 89
-
Noosa News24 hours agoSouth-west Queensland highway closed after truck carrying oxygen cylinders catches fire
-
General22 hours agoBack-to-back rate cuts tipped when Reserve Bank meets
-
Noosa News22 hours agoWoman left with significant arm injuries in lion attack at Darling Downs Zoo in Queensland