Think superannuation comes from employers' pockets? It comes from yours
- Written by: Brendan Coates, Program Director, Household Finances, Grattan Institute
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A key question for the government’s retirement incomes review is who ultimately pays for compulsory super contributions, especially since they are set to climb from 9.5% of wages to 12% over the next five years.
Legally, they come from employers, on top of wages. But employers’ contributions have to come from somewhere....
Read more: Think superannuation comes from employers' pockets? It comes from yours