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You need to earn $90k or more to afford superannuation top ups – Yahoo Finance Australia
“Voluntary contributions are a nicety for the rich and those who have the spare cash to actually afford it.”
Topping up your superannuation with voluntary contributions is a nicety for high income earners but the average Australian is unlikely to have the spare cash to do it.
As the nations past and present political leaders debate whether a scheduled 2.5 per cent increase to compulsory employer super contributions should proceed in light of the COVID-19 induced recession, whats apparent is that the average Australian woman is unlikely to be able to afford to top up their superannuation savings themse…
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