These comments were reported in The Australian on 10 Sept 2020. _____________________________ At the current 9.5% compulsory contribution rate, Australia’s superannuation system is already an unbelievably expensive retirement income system. It employs 55,000 people and costs $34 billion in fees each year to deliver only $40 billion in retirement incomes (see the Scrap Superannuation report
Superannuation fees to rocket
Superannuation fees to rocket
Superannuation fees to rocket
These comments were reported in The Australian on 10 Sept 2020. _____________________________ At the current 9.5% compulsory contribution rate, Australia’s superannuation system is already an unbelievably expensive retirement income system. It employs 55,000 people and costs $34 billion in fees each year to deliver only $40 billion in retirement incomes (see the Scrap Superannuation report