EPISODE · Jun 13, 2025
Sat, 14th Jun 2025
from Superannuation News Wrap · host Paige Estritori
On the Weekly Superannuation News Wrap, host Paige Estritori discusses upcoming changes to Superannuation in Australia. Starting July 1, Superannuation Guarantee contributions will increase from 11.5% to 12% of earnings. While this boost benefits retirement savings, experts caution that those with fixed salaries might see a decrease in take-home pay. The Labor government's new tax changes also loom, with super balances above $3 million being taxed at 30%, potentially making the superannuation scheme a safety net for lower-income workers only in future. Despite the uncertainty, Australian super funds foresee positive returns, cementing superannuation as a crucial long-term investment. To avoid skewing towards low-income workers only, the government debates the $3 million Super Tax cap and indexing contributions. The advice? Stay informed and plan wisely.
What this episode covers
On the Weekly Superannuation News Wrap, host Paige Estritori discusses upcoming changes to Superannuation in Australia. Starting July 1, Superannuation Guarantee contributions will increase from 11.5% to 12% of earnings. While this boost benefits retirement savings, experts caution that those with fixed salaries might see a decrease in take-home pay. The Labor government's new tax changes also loom, with super balances above $3 million being taxed at 30%, potentially making the superannuation scheme a safety net for lower-income workers only in future. Despite the uncertainty, Australian super funds foresee positive returns, cementing superannuation as a crucial long-term investment. To avoid skewing towards low-income workers only, the government debates the $3 million Super Tax cap and indexing contributions. The advice? Stay informed and plan wisely.
NOW PLAYING
Sat, 14th Jun 2025
No transcript for this episode yet
Similar Episodes
Apr 21, 2026 ·13m
Apr 19, 2026 ·16m
Apr 17, 2026 ·13m
Apr 13, 2026 ·11m
Apr 11, 2026 ·16m