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Employees didn’t receive promised wage rise from SG freeze
The theory that freezing the super guarantee would free up business capital to provide better wage rises for employees has been debunked by new research from think tank Per Capita, which revealed the money lost in workers’ super accounts since the freeze of the SG was significantly more on average than wage rises since that time.
Per Capita’s report, called The Super Freeze: What You’ve Lost, analysed the average gain to Australian workers’ super accounts that would have occurred if the SG had risen to 12 per cent, rather than being frozen at 9.5 per cent in 2014 by the Coalition government.
Read more at SMSF Adviser.
