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Superannuation funds push for $5000 hand out to low-income workers

Advertisement Some of the biggest superannuation funds are proposing the Morrison government hands out $5000 to low-income earners for retirement after one million young workers cleared out the majority of their super to stay afloat during the coronavirus pandemic. The futures of young workers who have lost livelihoods and career paths during the coronavirus-induced recession have sparked global concern. Unions and super funds are warning this cohort needs special attention from the federal government. The economic recovery from the coronavirus pandemic is under way, but workers’ groups fear youth will bear the scars. Credit: The Australian Institute of Superannuation Trustees pre-budget submission requests a federal government contribution into super of up to $5000 for those earning less than $39,837 who withdrew money from their retirement accounts last year. AIST’s members include major funds managing billions of dollars of assets like Australian Super, Hostplus, C

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Superannuation funds push for $5000 handout to low-income workers

Advertisement Some of the biggest superannuation funds are proposing the Morrison government hands out $5000 to low-income earners for retirement after one million young workers cleared out the majority of their super to stay afloat during the coronavirus pandemic. The futures of young workers who have lost livelihoods and career paths during the coronavirus-induced recession have sparked global concern. Unions and super funds are warning this cohort needs special attention from the federal government. The economic recovery from the coronavirus pandemic is under way, but workers’ groups fear youth will bear the scars. Credit: The Australian Institute of Superannuation Trustees pre-budget submission requests a federal government contribution into super of up to $5000 for those earning less than $39,837 who withdrew money from their retirement accounts last year. AIST’s members include major funds managing billions of dollars of assets like Australian Super, Hostplus, C

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Ways to make your work life better - ABC Everyday

ABC Everyday From what to consider if you want to work from home forever, to negotiating better pay, we ve got you covered. ( Print text only Cancel While many of us are simply grateful to have a job in this climate, it doesn t mean we can t also be ambitious about our working lives. Whether you re struggling to find meaning in a job you hate, needing the courage to ask for a pay rise, or hoping to make working from a home a permanent thing we can help. Finding meaning at work Last year, Isaac Freeman had to go back to a dead-end job just to make ends meet. 

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