Published: 28 Apr 2021
Industry Super Australia report “The Superannuation Guarantee: why we need 12 per cent”, presents the compelling evidence that it is in Australians’ best financial interests that the Superannuation Guarantee increase to 12 per cent as legislated.
The new report refutes those who have claimed that an SG at 9.5 per cent is enough for most workers to save and to secure good retirement outcomes. It isn’t enough and this report explains why.
It shows that in addition to generating better retirement incomes, an SG at 12 per cent will help to boost investment, jobs and wages across the Australian economy.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.