1 July 2025
Super guarantee rate increase
The minimum SG contribution rate is set for an increase to 12% on 1 July 2025 which means more money in your super.
Super paid on parental leave
Parental Leave Pay is a government scheme that provides a payment for up to 18 weeks to help families taking time off work to care for a newborn or newly adopted child. However, this payment currently excludes super.
From 1 July 2025, parents eligible for the scheme will also be paid 12% super on the government funded payments. When women take time out of the workforce to raise children it impacts their retirement incomes, on average ending up with 25 per cent less super than men.1 The government hopes the reform will help close the gender superannuation gap.
Thinking of starting a family? Learn more.
1 July 2026
‘Payday Super’
Under these proposed new rules employers will be required to pay their employees’ SG contributions at the same time as their salary and wages. Currently, employers are only required to pay SG on a quarterly basis. This change makes it easier for employees to check their employer is making their contributions and for the correct amount. This particularly benefits those in lower paid, casual and insecure work who are more likely to miss out when super is paid less frequently.
The government estimates that requiring employers to pay more frequently will also allow workers to save more for retirement. For example, it estimates a 25-year-old median income earner currently receiving their super quarterly and wages fortnightly could be around $6,000 or 1.5 per cent better off at retirement.2