In Australia, it is estimated that around 300,000 young, part-time, mostly female workers currently and legally do not receive super contributions from their employers under the super guarantee scheme. This is due to their before tax earnings per month falling below the minimum $450 threshold for making contributions. All this is set to change from 1 July 2022, when the minimum threshold will be s crapped. This means that low-income earners currently under the threshold will finally have a chance to build their super for retirement.
Click to read our article: Super Guarantee Minimum Threshold Removed (0.50MB PDF)