Workers are paying for between 71 per cent and 100 per cent of the increases in superannuation contributions through lower take-home pay, according to economic research prepared for the federal government.
A 70-page report commissioned by the government's retirement income review analyses individual worker income data from the Australian Taxation Office, following the introduction of compulsory superannuation by Labor prime minister Paul Keating in 1992.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
