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  • Mar, 2015

    Using superannuation to buy a home

    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%).

  • Sep, 2014

    Change to superannuation

    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%).

  • Sep, 2014

    ,

    Impact of superannuation changes on salary increases

    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.

  • Sep, 2014

    Compulsory superannuation

    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.

  • Sep, 2014

    Increase in superannuation or salary

    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.

  • Jul, 2014

    Type of superannuation fund

    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.

  • Jul, 2014

    ,

    Superannuation fund 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).

  • Apr, 2013

    , , ,

    Value of 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%).

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