Low-income workers could net up to $60,000 more in superannuation savings by retirement under landmark changes announced by the federal government this week.
Women retire with 25% less super than men and are 10% more likely than men to have no super at all by the end of their working lives, according to a report released by the Super Members Council this week.
Australian unions welcome the passage of the Albanese Government’s payday super legislation through
Parliament yesterday.
Australians Unions welcome today’s release of exposure draft legislation by the Albanese Government requiring super to be paid at the same time as wages.
Women beginning their careers in 2025 with the new 12% super guarantee rate in place could be hundreds of thousands of dollars better off in retirement, new modelling has revealed.
One in four working women in Australia are underpaid super each year, which includes childcare workers, aged care workers and nurses.
