The removal of a $450 per month income threshold that prevents low-income workers from receiving superannuation contributions from their employer is a much-needed step towards a more equitable retirement income system.
Legislating the Retirement Income Covenant is a very positive step towards a more adequate and sustainable retirement income system for all Australians. Superannuation should be paid on every dollar earned, no matter your income.
Council on the Ageing (COTA) Australia, the peak body for older Australians, has welcomed the announcement of further funding for aged care reform in today’s Mid-Year Economic and Fiscal Outlook.