11.5 per cent Superannuation Guarantee forecast to deliver up to $21,000 for retirement savings bump

The average Australian will be $21,000 richer in retirement following changes to superannuation payments that kick in from this month, new analysis has revealed.

The Superannuation Guarantee, or the retirement payment employers must pay into employees’ super funds each month, lifted from 11 per cent to 11.5 per cent this month.

The Treasury Department estimates an average worker on $72,000 will pocket an $21,000 in savings at retirement from the change.

To read news in detail: https://www.news.com.au/finance/superannuation/115-per-cent-superannuation-guarantee-forecast-to-deliver-up-to-21000-for-retirement-savings-bump/news-story/428c6033f851329bdb528ce75a23120b