The future of super is more super
Industry Super Australia is fighting hard to ensure the super guarantee lifts to 12 per cent by 2025.
It's doing so with a new campaign highlighting how much more Australians will have in their retirement nest eggs when the super rate increases.
“With the super rate set to increase, Australians need to know that their future is more super,” said Industry Super Australia chief Bernie Dean.
“Increasing awareness about the promised increase to the super rate will give more Australians confidence about retirement and help them get the maximum value out of every extra dollar.”
A 30-year-old worker earning an average wage would stand to gain more than $85,000 in extra super by the time they retire, says ISA.
Independent research shows awareness of the current super rate and the fact that it is scheduled to increase is very low, meaning a majority of workers are not aware their super is about to get a big boost.
Research shows just 32 per cent of people are aware of the current super rate of 9.5 per cent, while only 11 per cent are aware it is legislated to increase to 12 per cent by 2025. Less than 10 per cent can correctly identify both the current rate, or the scheduled increase.
Many Australians are worried about how they will make ends meet in retirement, so increasing awareness of the boost to super coming their way is critical for retirement planning.
It is hoped that increasing the super rate to 12 per cent will help ease pressure on the Age Pension.
“For those Australians worrying about their future – stop. Soon you’ll see more money going into your super account and you won’t have to do a thing,” said Mr Dean.
Another load of crap put out by the Super Industry to serve their self interests . Puting more into Super means more money in fees for them and the Government with their 15% tax on profits . What do they give you in return ? Nothing , no guarantees that you cannot lose the lot if markets crash , no refunds of fees payed or tax taken . They are the only ones guaranteed to make money . The Funds should have to guarantee a pension on retirement at least equal to Gov . Pension . Atleast the UK pension scheme guarantees you a pension for your contributions , this was started here in Australia but got hijacked by the Financial Institutes with help from their pet polititions to let them rob the nest . The Super Industry in this country is the Biggest Con Job done on the Working Man .