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Flat White

Why an end to compulsory super would be a win-win for workers

9 August 2019

5:00 AM

9 August 2019

5:00 AM

As the debate on hiking compulsory super contributions continues, it’s well worth revisiting Liberal NSW Senator Andrew Bragg’s suggestion to advocate for voluntary superannuation under an ‘opt-out’ system for lower-income workers.

Under Bragg’s plan, workers earning less than $50,000 a year can simply tick a box and claim a 10 per cent hike to their wages instead of seeing that money go into a superannuation fund.

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