Media Release

Friday, 9 February 2018

All Australians will benefit from 12% super

Lifting the compulsory superannuation rate to 12 per cent will benefit all Australians, the Australian Institute of Superannuation Trustees said today. Responding to a recommendation from the Grattan Institute this week to halt the Superannuation Guarantee (SG) rate at 9.5 per cent, AIST CEO Eva Scheerlinck said this would deny most of the Australian population an adequate income in retirement and also lead to higher Age Pension costs for taxpayers.