Superannuation guarantee to rise to 10%

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The federal government is considering a range of options regarding superannuation ahead of the Budget in May.

The super guarantee (SG) is slated to rise to 10% on 1 July, and the government is said to be looking at leaving at this level.

Other options that are under consideration include allowing workers to choose between a higher super contribution and an increase in their take-home pay, or extending the early-access scheme.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.