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Contributions to your super are set to get a boost next year — but coronavirus could send the plan off the rails – ABC News

For nearly 30 years, Australian governments have working to get the percentage of your wage that employers must contribute to your retirement savings to 12 per cent — but with the Government gearing up for the final stretch of increases, the plan is at risk o…

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For nearly 30 years, Australian governments have working to get the percentage of your wage that employers must contribute to your retirement savings to 12 per cent but with the Government gearing up for the final stretch of increases, the plan is at risk of coming off the rails.
The superannuation guarantee is the minimum amount of your earnings that your boss, or you if you’re self-employed, has to set aside for when you retire.
It means workers have forced savings to help them pay for those…

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