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Showing 1 - 10 of 67 results for "SG contributions"

APRA warns of super fund sustainability challenges

JAMIE WILLIAMSON  |  THURSDAY, 2 OCT 2025
... to 78% in the last five years. The top five funds by assets have increased their market share through higher SG contributions flows and member account growth faster than their relative share of net assets. Their growth in the past five years of market ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... employee's superannuation and ensure a level playing field for all businesses." Currently, employers must pay SG contributions into employee accounts at least quarterly and by the 28 th day of October, January, April, and July. However, from 1 July 2026 ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
... they will have $10,000 more (in today's money) by the time they retire. Although some employers voluntarily pay SG contributions to young workers, SMC said the "discriminatory rule" is complex for businesses to track and ensure legal compliance. "Every ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... passing through the Senate this morning. Under the legislation, those who take paid parental leave will accumulate SG contributions on the income paid by the government from 1 July 2025, at which time the SG rate will have increased to 12%. Those SG ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... alongside the parental leave payments. Under the legislation, those who take paid parental leave will accumulate SG contributions on the income paid by the government from 1 July 2025, at which time the SG rate will have increased to 12%. Those SG contributions ...

TelstraSuper sweetens parental leave policy

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... thereafter. Now, when an employee returns from parental leave on a part-time basis, they will receive full-time SG contributions for two years. The fund modelled the impact such a measure could have on a super balance at retirement and found that an ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... said that aligning superannuation payments with wages ensures employees have clearer visibility over correct SG contributions. This adjustment not only offers employees extended time in the fund, amplifying the benefits of compounding returns, but also ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... aged care homes and hospitals. Subsequently, KPMG said incentivising informal caregiving through the addition of SG contributions, could lead to considerable net budgetary savings. Additional savings could also emerge from a reduction of Age Pension ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... previously noted that the growing prominence of gig economy jobs could lead to a lesser number of jobs that provide SG contributions. Consequently, resulting in lower or potentially no contributions for affected workers, leading to a diminished super ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... directly benefit from this change, including by unlocking the power of compounding interest returns on more frequent SG contributions. "The change will make it easier for members to track the contributions received into their superannuation account and ...
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