Economic impact of increasing the Super Guarantee Rate
Client: Industry Super Australia
This report examines the impacts on the Australian economy of increasing the Superannuation Guarantee rate from 9.5% to 12%, legislated to increase in five annual increments of 0.5% starting this year and continuing through to 2025. The focus of this report is on the macroeconomic impacts i.e. on the major economic aggregates Gross Domestic Product (GDP), national income, investment, consumption, exports, imports, employment, and real wages.