The government is leaving open the option of capping the superannuation guarantee in the May budget, sparking threats from Labor, the unions and the industry of an all-out war in the run-up to the federal election.
In releasing the Retirement Income Review led by former Treasury boffin, Mike Callaghan, Treasurer Josh Frydenberg claimed the findings were weighted against proceeding with a legislated increase to the cap from 9.5 per cent to 12 per cent over the next five years.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
