Budget should restore SG timetable

Restoring the original timetable for lifting to the superannuation guarantee (SG) should be the priority superannuation issue addressed in the May Federal Budget, according to a survey conducted by Super Review.

The survey, conducted during the recent Conference of Major Superannuation Funds on the Gold Coast and sponsored by EISS Super, asked respondents what they believed should be the priority issues to be addressed in the May Budget.

It found that more than 75 per cent of respondents believed restoring the original timetable for lifting the superannuation guarantee was the most important issue.

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This compared with the 60 per cent of respondents who regarded measures to clear the way for sustainable post-retirement products as being a priority issue.

Respondents were very negative about any further alterations to the superannuation tax concessions.

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