Top 5 most sustainable pension systems worldwide
Thanks to gradually rising life expectancy and a higher state pension age, pension contributions are set to soar around the world. World Finance explores the top five countries with sustainable pension systems, where retirees can live particularly well with their pension pot.
Australia
Australia’s three-tier ‘superannuation’ pension system is one of the most touted in the world. It includes a tax-financed age pension, providing basic benefits, a company pension pot and the individual contribution to a retirement savings account. Employers are required to contribute 9.5 percent of worker’s gross earnings, which totalled AUD2.3trn ($1.8tn) at the end of 2017.
Read More: World Finance
