Super Changes Are Coming—Will They Affect You? 

As the new financial year approaches, it’s important to be across the latest super changes.

A few of these could have a real impact on your contributions, tax, and long-term retirement savings, especially if you’re trying to do the right thing and get ahead.

Here’s a quick breakdown of what’s changing from 1 July 2025:

1. Employer Super Contributions Are Increasing

The Super Guarantee (SG) is rising from 11.5% to 12%.

This means your employer will be putting more into your super, which is great for long-term growth.

However, if you’re already salary sacrificing or making personal deductible contributions to reach the $30,000 concessional cap, this increase could push you over the limit without realising.

Going over the cap can lead to unwanted tax and extra admin, so it’s worth checking where you stand now.

2. New Tax on High Super Balances (Still to be legislated)

If your super balance is over $3 million, the government is proposing a higher tax rate, 30% on earnings above that threshold (up from 15%).

For example, if your super grows from $4 million to $4.5 million in a year, only the earnings on the portion above $3 million would attract the extra tax.

If your balance is below $3 million, this change won’t affect you.

3. Super on Paid Parental Leave

From July, super will be paid on the government-funded Paid Parental Leave scheme.

This is a positive change, particularly for women and primary carers, to help close the retirement gap.

You may be eligible if:

Your income is under $169,000 (individual) or $350,000 (family), and

You’re receiving paid parental leave after having a baby.

What to do next?

If you’re not sure how these changes apply to you or if your contributions need adjusting, now is the time to review your setup.

Contact us with “Super Review” and we’ll make sure your strategy still works under the new rules.

Let’s get ahead of these changes and keep your retirement plan on track.

Talk soon.