Money magazine Comments - The pros and cons of increasing super contributions to 15% Extending compulsory super contributions to 15% has long been proposed by Labor. Here are the arguments for and against such an increase. https://www.moneymag.com.au/feed/latest?story=179796408 Sat, 20 Aug 2022 09:38:27 +1000 Sat, 20 Aug 2022 09:38:27 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - The pros and cons of increasing super contributions to 15% https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Chris Brown ()

They would better to make it a priority to legislate that the sole purpose of superannuation is to replace the need for an age pension in retirement. This would create certainty and allow other changes to be made - such as removing early release of superannuation and allowing home buying and necessary medical and emergencies to be included as part of the superannuation structure. (see related Money stories about these)

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]]> Chris Brown () Sat, 20 Aug 2022 09:38:27 +1000 Comment by Cam Simpson ()

Great to have a balanced discussion rather than a political one. We've trusted the experts on climate change and covid. Why not on the SG rate aswell.

I know people on a higher super % and they don't like it. They feel its over saving, would prefer the money now, especially those with new mortgages and younger families, and a couple recognise that not everyone lives to age 65. Maybe 12% to age 50 and 15% afterwards?

How about ideas to boost super for women for those over 50?

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]]> Cam Simpson () Mon, 22 Aug 2022 10:42:03 +1000