Money magazine Comments - Ask Paul: Should we have the option to pocket extra super contributions? When the super contribution increases from 9.5% to 12%, one idea is that employees could pocket the extra 3% or put it in super. What are your thoughts? https://www.moneymag.com.au/feed/latest?story=179414586 Wed, 21 Apr 2021 19:24:42 +1000 Wed, 21 Apr 2021 19:24:42 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: Should we have the option to pocket extra super contributions? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Sam H ()

Agree. It's forced savings. Despite people's best intentions to save and invest it themselves, I think most people will spend it, just because they can

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]]> Sam H () Wed, 21 Apr 2021 19:24:42 +1000 Comment by Jarrad P ()

SG is scheduled to go to 12% not 12.5%, weird for Paul to get that wrong.

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]]> Jarrad P () Wed, 21 Apr 2021 22:47:33 +1000 Comment by Money magazine ()

Hi Jarrad,

You're correct that SG will increase to 12%. We have corrected the story now and apologise for the error.

- Money team

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]]> Money magazine () Thu, 22 Apr 2021 09:02:00 +1000