labor superannuation furfies?, page-3

  1. 7,247 Posts.
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    I too could see no connection, and could not understand why there was so little comment.

    Then sombody explained to me that the 1% reduction in company tax would allow companies to fund higher contributions for their workers. But only one third of small business is incorporated, so individual business owners get no tax reduction but will have to fund higher super. Ie. put workers off.

    The aspect that gets no comment at all but is truly an elephant in the room, is that a year's extra contribution can be gone in a flash if the super fund manager makes a bad investment. Poof! gone. The final size of the payout depends entirely on the fund manager's expertise, not the contributions.
 
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