Q. Do you think people should be allowed to access their superannuation to buy a home or should superannuation be preserved for retirement?
|
Total |
|
Vote Labor |
Vote Lib/Nat |
Vote Greens |
Vote Other |
|
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
| Should be allowed to use to buy a home |
41% |
38% |
42% |
50% |
39% |
45% |
44% |
31% |
||
| Should be preserved for retirement |
46% |
52% |
47% |
32% |
49% |
36% |
44% |
62% |
||
| Don’t know |
13% |
10% |
10% |
19% |
12% |
19% |
12% |
7% |
41% think that people should be allowed to access their superannuation to buy a home and 46% think that superannuation should be preserved for retirement.
Those most likely to think people should be allowed to access their superannuation to buy a home were aged 18-24 (49%), Greens voters (50%) and university educated (45%).
Those most likely to think superannuation should be preserved for retirement were aged 55+ (62%), Labor voters (52%) and incomes over $1,600pw (53%).
Q. As part of the agreement to dump the mining tax, increases to compulsory superannuation have been deferred. Instead of increasing to 12% by 2019 they will remain at 9.5% until 2020. Do you approve or disapprove of this change to superannuation?
|
Total |
|
Vote Labor |
Vote Lib/Nat |
Vote Greens |
Vote other |
|
Work full time |
Work part time |
|
| Total approve |
29% |
14% |
56% |
15% |
22% |
27% |
37% |
||
| Total disapprove |
49% |
66% |
25% |
72% |
53% |
53% |
46% |
||
| Strongly approve |
8% |
4% |
16% |
1% |
8% |
6% |
13% |
||
| Approve |
21% |
10% |
40% |
14% |
14% |
21% |
24% |
||
| Disapprove |
23% |
27% |
17% |
27% |
25% |
25% |
23% |
||
| Strongly disapprove |
26% |
39% |
8% |
45% |
28% |
28% |
23% |
||
| Don’t know |
23% |
21% |
18% |
12% |
24% |
19% |
18% |
29% approve the recent change to superannuation and 49% disapprove.
Those most likely to approve were Liberal/National voters (56%) and aged 65+ (44%).
Q. Do you expect that, as a result of superannuation increases being deferred, workers will now receive larger salary increases?
|
Total |
|
Vote Labor |
Vote Lib/Nat |
Vote Greens |
Vote other |
|
Work full time |
Work part time |
|
| Yes |
10% |
9% |
14% |
8% |
5% |
13% |
7% |
||
| No |
65% |
68% |
60% |
83% |
77% |
70% |
66% |
||
| Don’t know |
25% |
23% |
26% |
9% |
18% |
17% |
27% |
Only 10% believe that as a result of superannuation increases being deferred, workers will now receive larger salary increases.
13% of full-time workers and 7% of part-time workers believe workers will now receive larger salary increases.
Q. Do you think it should be compulsory to contribute to superannuation or should workers be able to do whatever they want with their income?
|
Total |
|
Vote Labor |
Vote Lib/Nat |
Vote Greens |
Vote other |
|
Work full time |
Work part time |
|
| Superannuation should be compulsory |
61% |
65% |
65% |
66% |
47% |
60% |
59% |
||
| Workers should be able to do whatever they want with their income |
31% |
30% |
29% |
25% |
48% |
33% |
29% |
||
| Don’t know |
8% |
5% |
6% |
9% |
6% |
7% |
12% |
61% believe that superannuation should be compulsory and 31% think workers should be able to do whatever they want with their income.
Those most likely to oppose compulsory superannuation were aged 35-54 (37%) and other party voters (48%). There was little difference across incomes.
Q. Which would you rather have – a salary increase or an increase in superannuation contributions – or does it make no difference to you?
|
Total |
|
Income less than $1,000 pw |
Income $1,000-$1,600 pw |
Income over $1,600 pw |
|
Work full time |
Work part time |
|
| Salary increase |
42% |
40% |
46% |
39% |
44% |
36% |
||
| Super contributions |
29% |
28% |
28% |
32% |
30% |
26% |
||
| No difference to me |
23% |
24% |
23% |
22% |
21% |
32% |
||
| Don’t know |
6% |
8% |
4% |
6% |
5% |
9% |
Based on fulltime and part-time employees. Sample = 565
42% of workers said they work prefer a salary increase, 29% an increase in super contributions and 23% said it would make no difference.
There were not major differences across income groups. However, part-time workers were a little more likely to say it makes no difference and a little less likely to prefer a salary increase.
Q. What type of fund is your main superannuation fund?
|
Total |
|
Men |
Women |
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
| An industry fund |
39% |
37% |
41% |
42% |
44% |
28% |
|
| A retail fund |
19% |
20% |
18% |
15% |
23% |
18% |
|
| A self-managed fund |
9% |
10% |
8% |
6% |
9% |
12% |
|
| Don’t know |
15% |
16% |
15% |
23% |
14% |
6% |
|
| Don’t have any superannuation funds |
18% |
18% |
18% |
14% |
9% |
35% |
39% say their main superannuation fund is an industry fund, 19% a retail fund and 9% a self managed fund.
48% of those aged 25-44 are in an industry fund, and 23% of those aged 35-54 are in a retail fund. 13% of those aged 55+ have a self-managed fund.
47% of those aged 65+ say they have no superannuation fund.
superannuation, superannuation fees
Q. Do you know how much you are paying in fees each year to your superannuation fund?
|
Total |
|
Men |
Women |
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
Industry fund |
Retail fund |
Self-managed |
|
| Yes, I know exactly |
18% |
|
22% |
15% |
9% |
18% |
35% |
17% |
21% |
46% |
|
| Yes, I know approximately |
41% |
|
42% |
41% |
38% |
41% |
46% |
43% |
51% |
40% |
|
| No, I don’t know |
40% |
36% |
44% |
53% |
41% |
19% |
41% |
28% |
14% |
18% say they know exactly how much they are paying in fees to their superannuation fund, 41% know approximately and 40% don’t know.
Those more likely to not know how much they were paying in fees were aged 18-34 (53%) and those with lower education levels (49% of those with no post-secondary education).
080413, 8 April 2013, retirement, superannuation
Q. Which of the following statements is closest to your view?
|
Total |
Vote ALP |
Vote Lib |
Vote Greens |
Men |
Women |
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
| Contributing to superannuation is the best way to prepare for retirement |
51% |
53% |
49% |
63% |
53% |
49% |
46% |
48% |
62% |
| There are better ways to prepare for retirement such as investing and buying property |
34% |
34% |
37% |
24% |
35% |
33% |
38% |
37% |
23% |
| Don’t know |
15% |
13% |
14% |
13% |
12% |
18% |
16% |
15% |
15% |
51% agreed that contributing to superannuation is the best way to prepare for retirement and 34% agreed that there are better ways to prepare for retirement.
Highest support for contributing to super came from Greens voters (63%), aged 55+ (62%) and incomes $1,000-1,600 pw (59%).