Highlights
- Superannuation guarantee is rising from 9.5 per cent to 10 per cent from July 2021.
- A quarter of all employees in Australia end up with multiple super funds, which could significantly reduce their retirement savings.
- From July 2021, existing accounts will be attached to employees and those will carry over with an individual when they change jobs.
![Clockwise from top left: Tamba Banks of the Jaru tribe, whose family once lived in the Bungle Bungles, [known to her people as Billingjal], is one of the traditional owners of the Purnululu national park. Credit: Barry Lewis/Corbis via Getty Images; Bushfire Source: Supplied / Tasmania Fire Service; Professor Nalini Joshi Source: Nalini Joshi](https://images.sbs.com.au/dims4/default/781ea33/2147483647/strip/true/crop/1920x1080+0+0/resize/1280x720!/quality/90/?url=http%3A%2F%2Fsbs-au-brightspot.s3.amazonaws.com%2F4c%2Fcb%2Faebd6dc1480a9b5eca8788a0e754%2Fcopy-of-sbs-audio-youtube-end-card-2-3.jpg&imwidth=1280)
