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Survey: Nearly Half of Small Business Owners in Australia Fail to Pay Their Superannuation Regularly
Millions of Australians could be facing a palpable retirement crisis, with a new survey showing nearly half of the country's smallest business owners are not paying into their superannuation regularly, leaving them with a serious financial shortfall in their future retirement.
Small-business owners skipping super contributions at risk of retirement shortfall
New research by AMP Bank has revealed a potential retirement crisis facing Australia’s small-business owners due to them skipping their superannuation contributions. The survey found that only 55 per cent of small-business owners are regularly contributing to their superannuation while close to half have opted to reinvest in their business or managing cashflow over long-term financial security. By contrast, around 90 per cent of the Australian w…
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