Treasurer Josh Frydenberg has scrapped the $450 monthly threshold before workers receive superannuation from their employer. 'This will improve economic security in retirement for around 200,000 women,' he told Parliament. 'Our plan will also make it easier for Australians to prepare for retirement and to be more secure once in retirement.' A simple change in tonight's Budget could see workers in their thirties have an extra $7,000 in retirement savings by the time they turn 40. Treasurer Josh Frydenberg has scrapped the $450 monthly threshold before workers receive superannuation from their employer From July 1 next year, the $450 per month threshold for compulsory superannuation will be removed, meaning employers will have to pay super to low paid workers, such as part-time staff and casuals.