Proposed Super changes could make young Australians $500K wealthier at retirement

Australians could retire with an extra half a million dollars in superannuation if the federal government adopts the recommendations of a major review. A landmark report says millions of Australians are being harmed by the current super system. And the government has acknowledged there are flaws.

تتحدث حلقة بودكاست لنحكِ عن المال عن أبرز خصائص صناديق السوبر أو التقاعد، لمعرفة كيف يمكن اختيار الصندوق الانسب في أستراليا. Source: AAP

The Productivity Commission has handed the federal government its final report into reforming the 2-point-8 trillion dollar superannuation sector. 

The major recommendations are to revoke the licences of super funds that consistently under-perform and give employees a list of the 10 best-performing super funds to choose from when they start working. 

It also suggests only giving new entrants to the workforce a default super account. 

The Treasurer Josh Frydenberg says the report does expose flaws in the system.

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