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superannuation
This morning the Grattan Institute releases its submission to the government’s retirement incomes review, a review called in anticipation of five annual increases in compulsory superannuation contributions, scheduled to begin in July 2021.
The ATO isn’t known for handing out money but there will soon be an exception with the tax office giving Australians some money back from inactive low-balance super accounts. Here’s what you need to know.
One of the best things about employment in Australia is superannuation. Under current laws, employers must pay 9.5% of your salary into an approved fund that is set aside for your retirement. But with the age at which you can get the pension rising from 65 to 67 over the…
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