As a person now closing in on retirement, I admit I had no idea in my 20s how much my future, and the futures of those close to me, would depend on my superannuation savings.
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If you’re considering putting more money into your super, and want to know more about how the whole system works, here are the basics.
Compelling Australians to put even more into super runs the risk of giving them a better standard of living in retirement than they had while working.
Despite recent reforms, the superannuation system is still beset with problems such as high fees and patchy performance. You need to pay attention if you want to make sure your nest egg’s in the best hands.
The Australian superannuation system was originally meant to be government-run, and so many necessary protections weren’t included.
Kontributor teratas
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Professor, Curtin Law School and Curtin Business School, Curtin University
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Professiorial Fellow, The University of Melbourne
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Lecturer/Co-Ordinator, Queensland University of Technology
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Program Director, Economic Policy, Grattan Institute
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Associate, Grattan Institute
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Professor of Finance, University of Sydney
