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June 06 2025
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Member News

Super changes are coming from 1 July! Here's what to expect

As we approach the new financial year, there are some important changes to superannuation that will or are expected to come into effect from 1 July 2025. Whether you're planning for retirement or you’re just starting your super journey, here are some of the changes and what they mean for you.

Super Guarantee is increasing

The Super Guarantee (SG) rate that you typically receive from your employer will rise from 11.5% to 12% — helping you to save more for your retirement.

Super will be paid on Government Paid Parental Leave (PPL)

The government-funded Paid Parental Leave (PPL) scheme will now include superannuation contributions. This change ensures that parents taking government-paid leave will continue to grow their super savings during this period.

Transfer Balance Cap Increase

The transfer balance cap, which limits the amount of super that can be transferred into a retirement pension, will increase from $1.9 million to $2 million.

Payday Super

Although not yet legislated, Payday Super is proposed to start on 1 July 2026. Under this system, employers will be required to pay their employees’ super at the same time as they pay their salary and wages.

Other updates from 1 July 2025

Tax rate cuts

The 2025-26 Budget included details on tax rate cuts as well as a couple of cost-of-living measures. To find out more visit https://budget.gov.au/.

Deeming Rates Remain Frozen

Deeming rates will remain frozen until 30 June 2026, with the possibility that updated limits take effect from 1 July 2025. Deeming rates are used by Centrelink to assess how much income you receive from your financial assets, including super. For more information on the current rates visit the Services Australia page.

Aged Care Reforms

The amount that people pay for residential aged care and home care packages is set to change from 1 July 2025. Click through to learn more about understanding the new aged care reforms.

Want to learn more?

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Starting out

What is the super-guarantee

Have you ever looked closely at your payslip and wondered what the extra line labelled 'superannuation' means? Or maybe you've seen the letters 'SGC' next to it but have no idea what they stand for. If so, you're not alone.

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Growing your family

Super and having a baby

Expecting a baby and not sure how it could impact your super? Check out our guide.

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Planning for retirement

How much super can you have and still get the Age Pension?

Find out how your super balance and overall assets could affect your eligibility for Age Pension payments.

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