A suggested reformation of the superannuation system could see those with savings account prosper.
A government review has recommended steps which would allow Aussies with certain savings accounts to receive extra cash.
According to the Daily Telegraph, the Jeremy Cooper evaluation of superannuation revealed that too many people are losing cash on this level, leading to suggested reform which could see Australian banking reward more dollars to those with a saver account.
Under the terms of the report, a 30-year-old worker who stockpiles cash until they are 67 should receive a dividend of some $40,000.
The review has come about after Melbourne lawyer Cooper led an investigation into public perception of superannuation accounts - which are specifically designed to hoard dollars for retirement, invalidity or beneficial purposes - concluding that many savers are unclear on best accounts for the purpose, how such matters work and the sort of rewards or obstacles they pose.
Workers involved in schemes similar to the Dragondirect Savings Accounts may find themselves rewarded if such reform goes ahead.
Posted by Nate Sawyer
