Paul Keating says young Australians are guaranteed to have $3m in super by retirement – but not everyone agrees

Former PM’s claim – which relates to the super contribution rate increasing to 12% – goes further than other critics of the policyGet our breaking news email, free app or daily news podcastPaul Keating says the 12% rate of compulsory super contributions from 1 July will “guarantee” a young Australian joining the workforce today will have more than $3m in savings by the time they retire.A statement from the former prime minister celebrating the day “the system finally matures” came with an implicit criticism of Labor’s proposal to put an extra 15% tax on earnings from super balances over $3m.Sign up for Guardian Australia’s breaking news email Continue reading...

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