Coalition super plan to harm retirees, low income earnersBY ALICE URIBE | FRIDAY, 17 MAY 2013 9:45AMThe Coalition's announcement that they would delay the Superannuation Guarantee (SG) increase would see millions of Australians move into retirement with inadequate savings according to the Australian Institute of Superannuation Trustees (AIST). |
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
Wake up Australia and welcome to the new world of austerity. You have a choice of keeping your jobs and lifestyle or you can go down the English path of double dip recessions. All in the name of a budget surplus.
it will only harm your retirement if you don't take some personal responsibility for your retirement plans.
Such a Labor way of limiting contribution levels and taking away co contribution incentives while mandating super increases that are arranged on behalf of the workers by the boss. Its all got to be paid for by bosses and tax payers
9% - 12% should be the minimum. individuals should find another 5% in their own households to fund a decent retirement Take responsibility people !!!!! Dont expect others to do what you should be doing yourself
I have a great idea. Why not educate those employees who could suffer a shortfall at retirement to invest a percentage of their wage into superannuation and add value to their employer sponsored superannuation fund? Self employed people have been doing it for a long time.