Super Guarantee Freeze: Less For Your Retirement

Most superannuation experts agree that 9% superannuation contributions is not enough to build an account balance for a comfortable retirement.

The challenge has long been to lift the 9% contribution to 12%, but unfortunately Coalition Governments have a track record of freezing or delaying increases in superannuation contributions.

Despite the Keating Government unveiling an increase in super from 9% to 12% of earnings in 1995, John Howard (Prime Minister 1996-2007) successfully stalled any increase in superannuation contributions for more than 11 years.

It was left to the Gillard Government to legislate a timetable to achieve the 12% contribution for working Australians.

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