“Across all income levels an SG rate of 12% will increase the proportions who at least achieve the replacement rate benchmark of 65% to 75%. Those in the third, fourth and sixth income deciles are among those who will benefit the most. In addition, increasing the SG to 10% in 2021 will benefit many low-paid and disadvantaged groups,” it said. “Over six million workers will see their contributions increase. Around 63% of those who will benefit from the increase are on wages below $70,000. Occupations that will benefit include labourers, sales workers and drivers. “More workers aged 20 to 29 years will benefit from the SG increase than in any other age group. This will assist younger workers who have exhausted or drastically reduced their super savings by using the Government’s COVID-19 early release of super scheme to rebuild their balances.”