The ABS has again produced data that shows women are lagging badly behind men in one of the pillars of our retirement income. This is because our highly subsidised superannuation system is based on pre-retirement earnings.
Superannuation payments
Thoughts after an Association of Superannuation Funds Australia lunch
If the Government raise compulsory super contributions from 9% to 12%, it will simply subsidise higher income earners’ retirement by foregoing taxes at a ridiculously high level and overtaxing those on lower incomes.
Delay on climate change: the superannuation fallout
Generation X can add another entry to their ‘Reasons I Remain Disaffected’ list — the Climate Institute are today warning that there’s a serious risk that delayed action will harm Gen X. They stand to lose up to $1300 in superannuation for each year of retirement, writes Sophie Black.
