ISA said modelling from Rice Warner has revealed the the age pension would have to make up for the delayed super guarantee increase, climbing billions each year to reach an extra $33.3 billion (in today’s dollars) by 2058.
Read more at Nestegg.
Age pension to explode if super guarantee is ditched: ISA
Failing to lift the superannuation guarantee to 12 per cent will inflate Australia’s aged pension bill to $33 billion by 2058, and may lead to tax hikes to meet the bulging burden, new research has revealed.
