Like most people his age, 19-year-old Zac Webster doesn’t pay a great deal of attention to his super.
- The superannuation employers must pay workers is legislated to rise from next year until it hits 12 per cent by 2025
- A debate is brewing about whether the rise will mean employers refrain from increasing wages
- There are calls for the Government to reduce more than $30 billion of fees paid to super funds each year and overhaul the system
But the university student and part-time McDonald’s worker wants the Federal Government to tackle the high fees workers like him get charged each year by their super funds.
Workers currently pay superannuation funds more than $30 billion in fees each year — and that’s excluding insurance…