<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Donald Trump says his administration is "very seriously" considering a move to replicate Australia's </span><a href="https://www.9news.com.au/superannuation" rel="" target="_blank" title="superannuation"><span>superannuation</span></a><span> system in the US.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Speaking at the White House during the announcement of a $US6.25 billion ($9.5 billion) donation towards the "Trump Accounts" program for American children, the president </span><a href="https://www.smh.com.au/world/north-america/trump-seriously-considering-version-of-australia-s-superannuation-system-20251203-p5nke3.html" rel="" target="_blank" title="singled out Australia"><span>singled out Australia</span></a><span> for its $4.1 trillion retirement savings pool.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"There's a certain Australian plan that people are liking and they're talking about … not for children, necessarily, but it's for people, working people," </span><a href="https://www.9news.com.au/donald-trump" rel="" target="_blank" title="Trump"><span>Trump</span></a><span> said.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/australias-most-trusted-distrusted-brands-revealed-bunnings-temu-big-banks-supermarkets/89b18750-26d7-461d-82bb-ffa86b0d06d5" target="_blank"><strong><span>Big movers in Australia's most trusted, distrusted brands</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We're looking at it very seriously. It has worked out very well, it's a good plan."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It is not clear how the US would adopt superannuation alongisde its longstanding 401K pension fund system, where workers make voluntary payments into a retirement account or request their employer to make them.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But it is also not the first time Australian superannuation has been mentioned in Washington this year.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/finance/donald-trump-praises-australian-superannuation-system-and-considers-us-adopting-a-version-of-it/b52d85cc-1c42-416d-a7f1-925611ba5e7b" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.smh.com.au/world/north-america/us-treasury-boss-ducks-responsibility-for-tariffs-after-australia-talks-20250226-p5lf5k.html" rel="" target="_blank" title="The Sydney Morning Herald"><em><span>The Sydney Morning Herald</span></em></a><span> reported in February comments from US Treasury Secretary Scott Bessent, who at the time said he was amazed at the reliable growth of superannuation.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Trump's praise of superannuation today was made alongside tech billionaires Michael and Susan Dell, the couple who made the massive "Trump Accounts" donation.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Michael Dell, the founder of $US91 billion tech company Dell, said their donation would provide $US250 for every child aged under 11 who qualified for the program.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/world/trump-tells-somali-immigrants-to-return-home/de6078d7-1eb8-4c34-98f8-82db32af382b" target="_blank"><strong><span>Trump tells Somali migrants he doesn't want them in US</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Under the scheme, the US Department of the Treasury will deposit $US1000 into investment accounts it sets up for American children born between January 1, 2025, and December 31, 2028.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Dells' gift will use the "Trump Accounts" infrastructure to give $250 to each qualified child under 11.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Trump Accounts" are available to any American child under 18 with a Social Security number.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Account contributions must be invested in an index fund that tracks the overall stock market. When the children turn 18, they can withdraw the funds to put toward their education, to buy a home or to start a business.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><span>- Reported with Associated Press</span></em></div></div>