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According to the Association of Superannuation Funds of Australia (ASFA), single people require about $28,165 a year to maintain a modest lifestyle in retirement. They will receive more than they would through the Age Pension but will only afford the basics.
April 7th 2021. Superannuation laws due to take effect in less than 90 days are a $3 trillion concern for the superannuation industry and consumer advocates. Martin Fahy, chief executive of the Association of Superannuation Funds of Australia, wants the introduction of the laws delayed until July 2022.