Teen superannuation gap costs Victoria $115m a year
Working teenagers across Australia miss out on $411 million a year in super because of an outdated rule. It leaves out anyone working under 30 hours a week.
Why it mattersTeenagers starting work are losing retirement savings that would compound to thousands of dollars by retirement age.
AustraliaAll Australian teenagers are affected, but Victoria's workers lose the most. The rule has stood for over 30 years despite fee structures that now make the exemption redundant.
✓ Claims checked against the source and corrected before publish. checked 1 d ago
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