Australians faced with retirement trade-off

clock •

AUSTRALIA - By making personal contributions of 3% of annual salary, Australians can lift their living standards in retirement by an average of 27% - but it will cost them a 4 to 6% drop in their pre-retirement standards.

The finding is one of many to come out of a report: Superannuation: the Right Balance? produced for CPA Australia by the National Centre for Social and Economic Modelling. The report also found ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Australia

Australia

Bill introduced to increase contribution rate to 12%

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

Jenny Cosgrave
clock 02 November 2011 •
Australia

Australian Future Fund returns -2.9% in third quarter

AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

Jaishree Kalia
clock 28 October 2011 •
Australia

Australian super falls for the fifth month

AUSTRALIA - The median balanced superannuation fund has fallen for the fifth consecutive month returning -1.8%, -4.9% for the September quarter and -3.8% for the past year, SuperRatings finds.

Jaishree Kalia
clock 21 October 2011 •
Trustpilot