Yes, but they are proposing upping how much super people are going to be receiving.
https://www.industrysuper.com/understand-super/super-guarantee-calculator/super-guarantee-changes/
Under Australia’s Superannuation Guarantee laws, employers are normally required to pay the equivalent of 9.5% of ordinary time earnings in 2020. Because of a concern that this will still leave many retirees too reliant on the age pension, the Parliament legislated a gradual increase of the percentage to 12% by 2025.
As that goes up, thats more stimulus for the stock market. Need I explain more? As time goes on, more money will go in.
Yes, but they are proposing upping how much super people are...
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