Annual super top up
Workers earning less than $37,000 per annum will receive an annual superannuation “top-up” of $500 per year
Win/lose?
Another win – sort of. Saving for your retirement is almost impossible when you are on a low income. This contribution will apply to nearly 3.5 million Australian workers, so that, in itself, is a bonus. But rather than encourage hard-pushed workers to lurch from handout to handout, why not give us an incentive to save this money on our own accord?
What do you think?
And retirees on less than $37,000.00 per annum???
Let alone those on the pension.