The average Australian will be $21,000 richer in retirement after changes to pension payments come into effect this month, new analysis shows. The Superannuation Guarantee, the pension that employers must pay into their employees' pension funds each month, was increased from 11 percent to 11.5 percent this month. The U.S. Treasury Department projects that the … Read more
The average Australian will be $21,000 richer in retirement after changes to pension payments come into effect this month, new analysis shows. The Superannuation Guarantee, the pension that employers must pay into their employees' pension funds each month, was increased from 11 percent to 11.5 percent this month. The U.S. Treasury Department projects that the … Read more
Finance Minister Jim Chalmers announced a larger-than-expected surplus for the 2023-24 budget, exceeding the $9.3 billion proposed in the federal budget in May. While official figures will be released in September, Dr Chalmers predicted that he believed a larger surplus in the “mid-teens” was to be expected, which would put “downward pressure on inflation in … Read more
