Business News

Super co-contribution has cost $10 billion to help the wrong Australians – so let's scrap it

Written by Cain Polidano, Senior Research Fellow, The University of Melbourne

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Concerned that many people won’t have enough retirement savings even with compulsory superannuation, since 2003 the Australian government has had a scheme to encourage low and middle-income earners to voluntarily put more into superannuation.

The Superannuation Co-Contribution Scheme currently provides 50 cents for every dollar...

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