Surprise survey results from one of Australia’s largest superannuation funds has found that the majority of businesses supported the increase to the Superannuation Guarantee (SG) rate, including 14 per cent who strongly supported the rise.
As the government prepares to increase the Age Pension to 70 by 2035, academics have expressed concerns about the attitudinal and financial barriers rife in the jobs market.
The ATO is urging all employers to ensure they have implemented the Superannuation Guarantee (SG) rate rise which increased to 9.5 per cent on 1 July 2014.
The Reserve Bank of Australia (RBA) left the cash rate unchanged at 4.75 percent during its meeting in Sydney today; citing slow growth of the global economy and continued economic volatility in Europe and the US as drivers behind its decision.
A rate rise may be on the way for Australians but not yet. A number of factors are helping to keep inflation down, including the recent spate of natural disasters, though the possibility of a rate rise has not been entirely ruled out.
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