Superannuation: Should our contributions be increased or is it better to have the money in our pocket now?

Unlike a lot of other western countries, Australia has a forced saving system called superannuation. When the system was introduced back in 1992, 3% of your income went to your super, which is only accessible at the age of 66. Nowadays, that percentage is 9.5%, but there are plans to increase it so that by 2025, 12% of your pay will be put into your super.

Should more of our money be put into super? Or would you rather have it now to buy a house? Senator Andrew Bragg and Executive Director of Per Capita Emma Dawson join The Briefing to discuss the opposing sides to the super increase.

In today's news headlines:

• Western Australia delays easing restrictions after bulk carrier cluster
• Victoria’s hotel quarantine inquiry hones in on Brett Sutton
• NRL’s Dally M awards overshadowed by embarrassing leak
• UK accuses Russia of planning cyber-attack on the Tokyo Olympics

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