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.
Most retirees are financially secure. Many earn more than they did while working, the Grattan Institute finds.
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.
The best advice is still to keep track of your super yourself.
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 never meant to be privatised.
The Australian superannuation system was originally meant to be government-run, and so many necessary protections weren’t included.