MLC Market Watch

On Sunday 3 May, the Government announced a range of proposals in response to the much anticipated Henry Review of taxation. If legislated, many Australians will benefit in the long term.

Summary of key proposals
The key proposals announced by the Government include:

• the minimum super guarantee (SG) contributions you can receive from an employer will increase gradually from 9% to 12% of salary, starting from 1 July 2013
• the age to which you could receive SG contributions from an employer will increase from 70 to 75 from 1 July 2013 (more…)