FERNWOOD FITNESS - PULSE eMagazine - Issue#16 - Flipbook - Page 56
MONEY
The
‘Super’
BOOST
What do Australia’s Superannuation
Changes Mean for You
BY CON BARBAYANNIS, CPA
If you are working
in Australia, your
superannuation is getting
a welcome lift. The term
“Super Boost” refers to a
series of changes to the
superannuation system
that together mean more
retirement savings for
many Australians. It also
makes now a great time
to pay closer attention to
your super.
What Is Changing
From 1 July 2025, the
mandatory employer
contribution rate, known
as the Super Guarantee,
increased from 11.5 per
cent to 12 per cent of
ordinary earnings. This
is the 昀椀nal step in a
gradual increase that
has been underway for
several years.
contributions will be
received more regularly
and be easier to track.
Super contributions
also now apply to paid
parental leave. This
change helps support
people who take time
away from work to care
for a child and reduces
the long term impact
of career breaks on
retirement savings.
Together, these changes
make up what many
are calling a Super
Boost, delivering one
of the most signi昀椀cant
improvements to
retirement savings in
recent years.
Looking ahead, from
1 July 2026, Payday
Superannuation will
come into effect. This
reform will require
employers to pay super
at the same time as
wages, rather than
quarterly. For employees,
this means super
An increase to the Super
Guarantee may not seem
large at 昀椀rst glance, but
over a working lifetime it
can make a meaningful
difference. The extra
contributions bene昀椀t
from compound growth,
meaning earnings are
generated on both the
Why the Super
Boost Matters
