More employees eligible for super
The Super Guarantee (SG) requires employers to pay a minimum level of super support for eligible employees. However, the $450 per month threshold is abolished from 1 July 2022.
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First Home Super Saver scheme – how does it work?
From 1 July 2022, if you’re a first home buyer you can release up to $50,000 (up from $30,000) from your voluntary super contributions to help you buy your first home.
Super guarantee eligibility threshold changes
From 1 July 2022, the $450 per month threshold for super guarantee eligibility will be removed. The change will expand the coverage of SG to eligible employees regardless of their monthly pay.
Changes to the work test requirements for superannuation contributions
Soon older Australians will no longer have to meet the work test to make super contributions. From 1 July 2022, members under 75 years of age will be able to make or receive personal contributions and salary sacrificed contributions without meeting the work test.
Eligibility age change for downsizer contributions
From 1 July 2022, the eligible age to make a downsizer contribution to their superannuation fund has reduced from 65 to 60 years old.
Boosting retirement savings with super contributions
The Government’s Retirement Income Review highlighted that our super—and subsequent retirement income (and outcome)—can be boosted by, among other things, increasing our super contributions. Read how.
First home super saver scheme is changing
From 1 July 2022 super fund members may be able to release up to $50,000 in eligible contributions plus associated earnings.
Retirement and housing (homeownership)
Housing (homeownership) is a key factor influencing retirement outcomes — we discuss retirement and several things to consider with regard to housing.