Govt seeks discretion to freeze super guaranteeBY JAMES FERNYHOUGH | TUESDAY, 2 SEP 2014 12:50PMThe Treasurer may soon have discretionary power to further delay the rise of the superannuation guarantee to 12%, following the passage of legislation in the lower house yesterday. Related News |
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Jacqueline Fernley
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Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
I have to laugh everytime Shorten opens his mouth to criticise the new superannuation reforms introduced since they were ousted from government.
Who was it that reduced the concessional caps?
Which do you think has a bigger impact on the accumulation of retirement funds?
Freezing the SG rate, or imposing ridiculously low concessional contribution limits?
I've always wondered why it was so easy for the government to force an additonal cost on business to meet the increased SG rate. In the end, business MUST pass that increased cost on somewhere down the line...wages, prices..?
People need to understand that planning for their retirement sometimes means forgoing something now....when will our society accept that?