Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most
- Written by Mark Melatos, Associate Professor of Economics, University of Sydney
Unsplash, Canva, The Conversation, CC BY-NCA central element of Australia’s superannuation system is the superannuation guarantee (SG). This is the compulsory 12% of an employee’s earnings that an employer must pay into the employee’s nominated superannuation fund.
The compulsory contribution rate has risen steadily from 3% when...
