Friday, November 20, 2020

Workers stand to lose wage rises if super guarantee rate rises, retirement review warns

A highly anticipated review into Australia's retirement income system suggests that workers could be worse off financially if the superannuation guarantee is increased as scheduled from next year. 

While the review says the current system is "sound", it leaves the door open for the Prime Minister to consider putting the legislated super increase on hold or scrapping it all together. 

ABC's Peter Ryan says the decision is likely to be delayed until the May budget.


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