While the Covid-19 early release payments played an important role, ASFA says it also impacted the retirement savings of millions of Australians. More to come.
Global factors have upended the retirement plans for millions of Australians, with 15 per cent of Australians aged 55 and over claiming they’re pushing their plans for retirement back.
Labor wants to raise employer s compulsory contributions from 10 per cent to 15 per cent, giving Australians on $90,000 a year an extra $174,016 when they retire.
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