The new Australian Government may make changes to the superannuation regime. The Government is keen to see more employees build up their super balances, to give them more retirement income. Possible changes include the removal of the 15% contribution tax, an increase in employer contributions to super and a new "soft compulsion" regime. This would mean salary increases take the form of increased super contributions. In Australia, only 8.5% of men and 4% of women have more than $A100,000 in their super accounts. The Australian Government wants to see more Australians invest more in super.
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