Dave RYou may be right. But I would not be relying on IFSA to...

Dave R

You may be right. But I would not be relying on IFSA to tell me that superannuation balances are not high enough. Given IFSA's membership, it would never think that compulsory contributions could be too high. They could probably mount an argument for a rate of 20%. It's more jam for its members.

Given poor UK/US savings rates, there is a strong argument that the forced saving via the 9% SGC is what saved the Australian economy from the UK/US style meltdown.

Personally, I like the idea of 10% rate. A nice round number. LOL. But anymore takes money out of people who need it today.