Superannuation Changes 2024/2025 » Industry Super

The May 2024 Federal Budget maintained the Super Guarantee's legislated increase to 12%. On 1 July 2024 the Super Guarantee increased to 11.5%. It will increase by a further 0.5% on 1 …

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Superannuation Changes 2024/2025 » Industry Super

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The May 2024 Federal Budget maintained the Super Guarantee's legislated increase to 12%. On 1 July 2024 the Super Guarantee increased to 11.5%. It will increase by a further 0.5% on 1 …

industrysuper.com

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Superannuation Changes - 2024/2025 New Rules - Industry Super

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On 1 July 2024 the Super Guarantee increased to 11.5%. It will then increase by 0.5% on 1 July 2025 to reach 12%. These small increases to the Super Guarantee could make a big …

industrysuper.com

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Superannuation Changes - Federal Budget 2024-25

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Super guarantee (SG) increase. From 1 July 2024, the SG rate for employers to pay on behalf of eligible employees is 11.5%. There will be a final increase of 0.5% on 1 July 2025 to 12%. The …

australiansuper.com

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Securing Australians’ Superannuation Package | Treasury.gov.au

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Oct 9, 2023 · Prevent large payroll liabilities for employers. These changes aim to reduce unpaid superannuation, which was $3.6 billion in 2020–21. From 1 July 2026, legislation will be …

treasury.gov.au

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Changes To Superannuation Are Being Floated By The Federal …

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Feb 22, 2023 · Political ideology and business interests have long guided decision-making on what happens to people's superannuation. But the $3.3 trillion in retirement savings belongs to …

abc.net.au

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Superannuation Guarantee Rate Changes – 2023/2024 » Industry …

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The super guarantee has increased by 0.5% for the past few years and will increase from the current rate of 11.5% to reach 12% on 1 July 2025. This stepped increase has given …

industrysuper.com

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Better Targeted Superannuation Concessions - Australian Taxation …

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Aug 13, 2024 · Better Targeted Superannuation Concessions. From 1 July 2025 tax concessions will be reduced for certain earnings for superannuation balances above $3 million. On 28 …

ato.gov.au

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Caps, Limits And Tax On Super Contributions - Australian Taxation …

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If your income and concessional super contributions total more than $250,000, check if you have to pay Division 293 tax. Super contributions to defined benefit and constitutionally protected …

ato.gov.au

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Superannuation Changes 2024/2025 - Industry Super

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Maintaining the increase to the super guarantee. The May 2024 Federal Budget maintained the Super Guarantee's legislated increase to 12%. On 1 July 2024 the Super Guarantee increased …

industrysuper.com

FAQs about Superannuation Changes 2024/2025 » Industry Super Coupon?

Will the Super Guarantee increase in 2024?

On 1 July 2024 the Super Guarantee increased to 11.5%. It will increase by a further 0.5% on 1 July 2025 to reach 12%. The increase to the Super Guarantee could make a big difference to super member balances in the long term due to the magic of compound interest. ...

What is the Superannuation Guarantee Rate in 2024?

Although not subject to indexation, from 1 July 2024 the superannuation guarantee rate is increasing from 11% to 11.5%. Individuals who make personal concessional contributions or have salary sacrifice contributions made by their employer may need to factor the increase into their arrangements. From 1 July 2024, the preservation age will be age 60. ...

What are the changes to superannuation in 2026?

Increase retirement savings by allowing super to be invested sooner. Prevent large payroll liabilities for employers. These changes aim to reduce unpaid superannuation, which was $3.6 billion in 2020–21. From 1 July 2026, legislation will be changed to align superannuation guarantee payments with salary or wages. ...

How much will Australia's Superannuation increase on 1 July 2025?

There will be a final increase of 0.5% on 1 July 2025 to 12%. The increases aim to reduce financial pressure on the Age Pension, to help off-set Australia’s ageing population and improving financial outcomes at retirement. The maximum superannuation contribution base is $65,070 each quarter for the 2024–25 financial year. ...

How much will the Super Guarantee increase on 1 July 2025?

It will then increase by 0.5% on 1 July 2025 to reach 12%. These small increases to the Super Guarantee could make a big difference to your super balance in the long term due to the magic of compound interest. The existing freeze on deeming rates at 2.25 per cent has been extended until 30 June 2025. ...

What is Australia's New Super Guarantee Rate?

From 1 July 2024, the super guarantee rate is 11.5%. There will be a final increase of 0.5% on 1 July 2025 to 12%. The increases aim to reduce financial pressure on the Age Pension, to help off-set Australia’s ageing population and improving financial outcomes at retirement. ...