Increase in superannuation guarantee rate forecast to boost retirement savings by $21,000
The average Australian will have about $21,000 more sitting in their nest egg by retirement following a change to superannuation contributions, according to new analysis. The superannuation guarantee increased from 11 to 11.5 per cent this month, meaning the compulsory superannuation payments made by your employer have risen. An average worker earning about $72,000 would … Read more