Compulsory super rises to 12pc from July 1, but millions are missing out

Millions of Aussies unaware of boost coming to superannuation

An extra $317 in retirement fund contributions will be paid to the average Australian worker over the next...

SBS speaks to former Treasurer Wayne Swan on Australia's new super guarantee

From 1 July, the minimum superannuation an employer will be required to pay will be 12%. Australians eligible for government-funded Parental Leave Pay will also be paid superannuation for the first time, the Australian Taxation Office to pay the 12 % guarantee directly into their super fund. Former Treasurer Wayne Swan, who now works for a superannuation fund, announced the 9 to 12% increases in 2010. He spoke with SBS World News producer Stepha…

12pc super is 25 years late but worth the wait: Keating

Paul Keating says Coalition delays to increasing the super guarantee could have cost a retiree as much as $300,000.

Compulsory super rises to 12pc from July 1, but millions are missing out

More than 80 per cent of unpaid superannuation goes unrecovered — and the agency in charge rarely penalises employers who do not pay it.

Australian employer's guide to Super payment deadlines

Australian employers face Super Guarantee Charge penalties for late super payments. Find out the exact deadlines and consequences to protect your cash flow.

The superannuation system matures at 12% of wages

Tomorrow, thirty-four years after I nominated a 12 per cent wage equivalent as the appropriate level of compulsory contribution into superannuation, the system finally matures. This means that every young person joining the workforce this year will begin and remain at 12 per cent of superannuation contributions throughout their entire working life. The 12 per […]