A major change to Australia’s superannuation system has officially arrived. From 1 July 2026, employers are now required to pay superannuation contributions at the same time they pay employees’ wages. Known as Payday Super, the reform is designed to ensure employees receive their super contributions more regularly, improving transparency and helping Australians grow their retirement […]
Many Australians are surprised to learn that their superannuation account includes insurance cover. In fact, millions of superannuation accounts hold life insurance, total and permanent disability (TPD) insurance, or income protection cover as part of their membership. While insurance through super can provide valuable protection, many people are unsure about the level of cover they […]
The 2026–27 Federal Budget introduces several significant tax measures that will impact individuals, investors and business owners over the coming years. Personal Tax Relief for Australian Workers From 1 July 2027, eligible workers will benefit from a new $250 Working Australians Tax Offset (WATO), increasing the effective tax-free threshold on employment income to $19,985. This […]
The Federal Government has announced an important change that will boost the retirement savings of new parents. From 1 July 2026, the ATO will begin paying superannuation contributions on government-funded paid parental leave (PPL), covering PPL received from 1 July 2025 onward. This reform is designed to improve long-term superannuation outcomes—particularly for women, who often […]
The Australian Government is moving ahead with its plan to implement an additional 15% tax on earnings associated with total superannuation balances exceeding $3 million. First announced in February 2023, this measure aims to rebalance the super system, which has long provided generous tax concessions that disproportionately benefit high-balance account holders. The proposed legislation — […]
As the new financial year begins, it’s common for Australians to review the performance of their superannuation funds. Unfortunately, this period also brings a rise in unsolicited calls, social media advertisements, and offers promoting “free super health checks” or services to “find your lost super”. While these offers may appear helpful, they are often designed […]
Establishing a Self-Managed Super Fund (SMSF) offers flexibility and control over your retirement savings—but it also comes with serious legal and administrative responsibilities. As a trustee, you are personally responsible for ensuring that your fund complies with all relevant superannuation laws and regulatory requirements. A failure to comply with these obligations is referred to as […]
If you’re approaching retirement with a significant balance of unused annual or long service leave, you may be weighing up whether to enjoy a well-earned break before finishing work—or simply take the leave as a lump sum when you retire. Both options can have implications for your superannuation, tax position, and even Age Pension eligibility. […]
You may have seen alarming claims online about big changes to superannuation coming in from 1 June 2025. Don’t panic—the Australian Taxation Office (ATO) has confirmed that these rumours are false. What’s Being Said—And What’s Actually True Misinformation is spreading across websites and social media, including claims that: None of this is true. There are […]
Your superannuation investments play a crucial role in securing your retirement. Understanding the different investment options and their risks can help you make informed decisions that align with your financial goals and risk tolerance. Types of Super Investment OptionsMost super funds offer a range of premixed investment options with different asset allocations: Choosing Your Investment […]
The transfer balance cap which limits the amount of capital that can be transferred into a tax-exempt retirement phase will not increase for the 2024–2025 income year, based on the release of December 2023 consumer price index (CPI) numbers from the Australian Bureau of Statistics (ABS). This means the figure will remain at $1.9 million […]
Super to be paid on payday from 1 July 2026; more action to catch non-payers The Budget papers confirmed the Government’s intention to require all employers to pay their employees’ super guarantee amounts at the same time as their salary and wages from 1 July 2026. This payday super measure was originally announced by the […]
In an attempt to repair the Federal Budget and lower the overall national debt, the government is seeking to introduce changes to the way superannuation in accumulation phase is taxed over the threshold of $3 million. Currently, earnings from super in the accumulation phase are taxed at a concessional rate of 15% regardless of the super […]
The Federal Government has showed its hand in terms of potential future changes to the Australian superannuation system. The Assistant Treasurer and Minister for Financial Services, Stephen Jones, recently outlined two main areas the government will be focusing on. This includes legislating an objective for super (earmarking it specifically for use in retirement), which will […]
Recently, a number of significant superannuation changes were proposed in Parliament as a part of the government’s plan to enhance super outcomes for Australians. Work test and bring-forward rule changes Currently, individuals aged between 67 and 75 either need to pass the “work test” or satisfy the work test exemption criteria if they want to […]