The Superannuation pool is now about $1.4 trillion and is continuing to grow rapidly. This pool of investments is important to Australia as it’s invested in our companies, the bond markets and in infrastructure developments.
Are you in control of your superannuation funds?
Employers are required to pay a proportion of an employee’s salaries and wages known as an ‘Employer Superannuation Guarantee’. The current rate is 9.5% and may increase to a maximum of 12% in the future.