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Showing 1 - 10 of 39 results for "SG rate"

Increases coming for veterans' superannuation

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... provide low-income workers with a fairer tax concession on their super contributions to align with recent increases in the SG rate and the government's third round of tax cuts taking effect in 2027. The boost to LISTO will help deliver a more secure ...

Middle Australia on track for 'comfortable retirement': ASFA

ANDREW MCKEAN  |  TUESDAY, 17 JUN 2025
... Mary Delahunty described it, is the result of the upcoming increase to the Superannuation Guarantee (SG) From July, the SG rate will rise from 11.5% to 12%, which, according to ASFA, is expected to bolster a median wage earner's super savings by an estimated ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
Payday super, coming into effect 1 July 2026 pending the current draft legislation, could bring a world of problems once introduced, including payroll and tax obligations for Australian small and medium enterprises (SMEs), experts claimed. One of the ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... 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 will have a nominal interest rate amount applied to them and will then ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... 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 will have a nominal interest rate amount applied to them and will then ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... federal budget. It's expected to cost about $250 million a year, based on previous estimates by Treasury when the SG rate was still 9.5%. Paying super on top of PPL has long been advocated for by the superannuation industry and unions and was a key ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... "First, extend the LISTO eligibility to those earning up to the top of the second tax bracket, link the amount to the SG rate and introduce an additional annual payment equal to 15% of SG contributions for those who earn below the effective tax-free ...

Super fund appoints ESG, listed equities lead

ELIZABETH FRY  |  FRIDAY, 28 JAN 2022
The newly merged LGIAsuper and Energy Super has promoted Fiona Mann to head of listed equities and ESG. In this unique role, Mann is responsible for the performance, construction, and continuous management of the global and Australian equities asset ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... testing rules) to be the most appropriate rate, which is a contrast to Retirement Income Review's view of current SG rate being sufficient for most Australians and any increases depressing wages. The paper says workers who permanently retire from ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... Guarantee increases will double the number of Aussies reaching a comfortable standard of retirement. As of July 1, the SG rate will rise from 9.5% to 10% and ASFA showed the average Australian 30-year-old worker will have $19,000 more in their super ...
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