Getting Worse While Nothing is Done.
Voice-over: One in three Australian workers are owed super.
Voice-over: Nearly $6 billion a year and growing.
Voice-over: If only our politicians changed the laws to make employers pay super at the same time as wages.
Voice-over: It’s time to get your hands back on your super.
Voice-over: Authorised by B Dean, Industry Super Australia, Melbourne.
Disclaimer: Approximate ISA estimates of workers eligible for superannuation guarantee based on 2015-16 ATO sample data. For more details see UnpaidSuper.com
Right now, nearly 1 in 3 Australians are missing out on the super they are entitled to.
That’s a total cost of almost $6 billion per year and growing.
That’s over $16 million ripped from the retirement savings of working Australians every single day that the problem goes unfixed.
It’s time to get your super back in your hands.
There’s an easy solution, but most politicians don’t want to know about it.
By mandating the payment of super with the payment of wages, we can end the unpaid super epidemic.
Why The Law Needs to Change
Employers are only required to pay super quarterly – making it easier for amounts to fall through the cracks, allowing some employers to do the wrong thing.
While a super amount appears on your pay slip, this does not always mean super has been paid into your account.
Aligning the payment of super with wages will also make cash flow easier for small business.