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Labor to fuel super surge


Fri Sep 28 2007

The Age --- Page: A1-A2 : 28 September 2007
Original article by Nassim Khadem

LexisNexis Summary
The Australian Labor Party is hoping to introduce new measures that will encourage more people to make voluntary contributions to superannuation. In 2006-07, Australians contributed more to their retirement funds than the compulsory amount that employers did. Labor superannuation spokesman Nick Sherry attributes the increase in voluntary payments to the Federal Government's "Better Super" program. However, Sherry believes that people in the low-income brackets should be given more incentive to save for their future.


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