Article 5574Q Superannuation versus wages: will workers really end up paying for their own super rise?

Superannuation versus wages: will workers really end up paying for their own super rise?

by
Ben Butler
from on (#5574Q)

One expert warns if employees give up a super increase to get more pay, they will get none of both

Come 1 July next year, the amount your boss contributes to your superannuation is scheduled to rise ever so slightly, from 9.5% of your wage to 10%.

Under the current law, this amount, known as the super guarantee", is due to go up by 0.5 percentage points every year until it reaches 12% in 2025.

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