Super: it’s the returns, stupid

The average annual super return of 6 per cent is nowhere near enough to push Australians away from the pension. Instead of relying on increasing contributions, super funds should just do a better job.

The only reason it might have been a good idea to increase super deductions from 9.5 per cent to 12 per cent is that super funds are doing a lousy job.

The current super guarantee should be more than enough to give everyone a very comfortable retirement indeed, and with no one on the pension -- at all.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles