The government also needs to consider re-introducing incentives for people to save substantially more superannuation than they are at present. For people in midcareer, in almost all cases, the SGC regardless of the percentage will not be sufficient to provide adequate retirement income. Without increased superannuation savings, scores of Australians will have to rely on a welfare system that will be weighed down by an ageing population and increasing budgetary pressure. John Brogden is chief executive officer of IFSA
A small clutch of ultra-dry conservatives is driving the government’s super agenda, and they are willing to bully and belittle anyone who disagrees with them according to Shadow Assistant Treasurer Stephen Jones.
Stephen JonesApril 30, 2021