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The Times

Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most

  • Written by Mark Melatos, Associate Professor of Economics, University of Sydney
Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers mostUnsplash, Canva, The Conversation, CC BY-NC

A central element of Australia’s superannuation system is the superannuation guarantee (SG). This is the compulsory 12% of an employee’s earnings that an employer must pay into the employee’s nominated superannuation fund.

The compulsory contribution rate has risen steadily from 3% when...

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