Currently, it is only compulsory for employers to make the Superannuation Guarantee payment until a worker turns 70. The Federal Government has promised to raise the Superannuation Guarantee age limit to 75, however, this latest Bill calls for the removal of the age limit altogether.

 This is a welcome announcement that, if implemented, would remove an inconsistency in the tax system that unfairly disadvantages mature-age workers,” FPA General Manager, Policy and Government Relations, Dante De Gori said.

“We should be encouraging a savings culture and providing incentives to defer the age pension by allowing individuals who are still working to receive Superannuation Guarantee entitlements offered to all other working Australians and to contribute to superannuation beyond the age of 75.”

We call on the Federal Government to support this Bill and the abolition of a Superannuation Guarantee age limit.”

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