Skip to Main Content
 
rawpixel 741658 unsplash
Media Releases

Victorian workers to lose billions if the super increase is scrapped

  Published: 20 Jan 2020

Victorian workers would lose $3.6 billion from their retirement savings a year if politicians ditch a promised increase to their super rate, new modelling reveals.  

Workers in the electorates of Melbourne and the western suburbs electorate of Lalor would both lose more than $144 million from their super accounts.

The Super Guarantee rate is legislated to rise to 12 per cent by the middle of 2025. Industry Super Australia (ISA) analysis shows that if the government breaks its promise and super stays at 9.5 per cent, by 2025 the average Victorian worker would have already lost $1,640.   

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

Got a topic you'd like to read about?

Thank you for your topic suggestion.

The message has been sent succesfully, check back soon to find if we wrote about the topic you suggested.

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details:

To learn more about one of the Industry SuperFunds below click on their logo.

What's your question?

warning Your question will be sent directly to the fund you select

Talk to someone who knows how to help

warning Your question will be sent directly to the fund you select

  • You will be called back at the next available opportunity.

Thank you for your enquiry

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details:

I'M READY TO CHOOSE A FUND