27 May 2008
The latest edition of the bi-annual AMP Superannuation Adequacy Index shows that Australians are expected to retire on an annual average income of $43,310 in today's dollars – a 7 per cent or $53 a week improvement on December 2006 data – and an extra 300,000 people over the same time period are on track for an adequate retirement.
The AMP Superannuation Index used data for the six months to December 2007 from 322,000 AMP corporate superannuation clients to predict retirement adequacy based on 65 per cent of an individual's pre-retirement living standards.
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31 January 2008
The latest edition of the bi-annual AMP Superannuation Adequacy Index shows voluntary contributions rose by 142 per cent in the period, boosted by the option to contribute up to $1 million in non-concessional super before 30 June 2007. But more than half of the total increase in voluntary contributions came from just 3 per cent of employees.
The Index, done in conjunction with Access Economics, is the largest superannuation analysis ever undertaken in Australia. Its findings are based on data from 320,000 AMP corporate superannuation clients and it measures the implications of current super data for individual workers’ future retirement incomes.
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