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New research to be released this week analyses two decades of Household, Income and Labour Dynamics in Australia (HILDA) Survey to estimate the actual labour force experience of women over their life and accounts for working when super is not paid. The research reveals three-quarters of women are unlikely to retire having received a full 40 years of super contributions, and yet key government modelling assumes everyone retires with four decades of super. Twenty per cent of women won’t receive 40 years of super For the bottom fifth of female wage earners there is less than a 5% chance they w...

The country is dealing with a Liberal Party that is going down a spiral of dangerous ideology and extreme partisan envy, taking workers’ wages and super with it, according to Shadow Treasurer Jim Chalmers.

In its pre-Budget submission, it has recommended changes to the low-income superannuation tax offset, as well as improvements to how the superannuation guarantee is dealt with.

“I’m not denying there is a trade-off between these two things but what I object to is the only thing on the table is to stop the 2.5% super guarantee increase with no guarantee of anything. “If the SG guarantee does not go ahead there will be no increase in super, missing out on hundreds of thousands of dollars in retirement, and no wage increase. There won’t be a trade-off for a senior exec in a financial services firm but if you’re a hotel cleaner on minimum wages they suffer the most as they miss out on increase in super and wage increase under proposition put forward.”

You're about to get more superannuation, which sounds like a good thing — but there are drawbacks, writes Peter Martin.