Superannuation calculator: how would scrapping the planned increase affect you?

The government is considering ditching the superannuation increase from 9.5% to 12% by 2025. Find out what that would mean for your retirement

The Morrison government's looming decision on whether to proceed with promised increases in superannuation contributions could have a big effect on the amount of money saved for your retirement.

The superannuation guarantee contribution is legislated to increase from its current rate of 9.5% of income to 12% by 2025 - and the Coalition promised at the last election to stick with that schedule, but is now rethinking it amid the Covid-19 crisis.