Most happy with superannuation system

An online Essential Research survey revealed that the majority of Australians agree with the current superannuation system and support a system.

Most Australians are happy with the structure of the superannuation system and believe it should remain compulsory.

Over half of the respondents in an online Essential Research survey like the fact that employers pay 9.5% of their salary into super which is taxed at 15%.

Almost two-thirds of respondents agreed that super should be compulsory compared with just 29% who believe workers should be able to do whatever they want with their income.

In the survey 44% also liked the suggestion in a recent analysis by Deloitte Access Economics that everyone should pay tax on their super at 15 cents in the dollar less than their marginal tax rate, rather than at a straight 15% rate.

That would mean a low-income earner paying 21% tax would pay 6% on their super while a high-income earner paying 49% would pay 34% on their super.

Almost a third of respondents opposed that idea.

AAP