Superannuation changes
Updated on 1 July 2025 | 5 minute read
Keeping informed about the latest changes to superannuation will help you manage your super better and stay on track to reach your retirement goals.
From 1 July 2025
Superannuation Guarantee (SG) increase
From 1 July 2025, each employer you work for must pay SG contributions of 12% into your super account, based on your ordinary time earnings.
Are you getting paid the right amount?
Log in to Member Online or download our app to check your super payments.
Contributions cap changes
Contribution caps are the maximum amount of money the Australian Government lets you add to your super each year without making you pay extra tax.
From 1 July 2025, the concessional (before-tax) and non-concessional (after-tax) contributions caps are as follows:
- Concessional contributions cap $30,000
- Non-concessional contributions cap $120,000
If you have a total super balance of more than $2 million, your non-concessional contributions cap for the 2025–26 financial year is $0. This also means the bring forward rule does not apply.
Transfer balance cap
The super transfer balance cap is $2 million for the 2025–26 financial year. This cap is the maximum amount of super you can transfer from your accumulation account into retirement account/s.
If the amount you've transferred into retirement phase exceeds your transfer balance cap, the ATO will ask you to return the excess to your accumulation account and pay the excess transfer balance tax. View your personal transfer balance cap via myGov then select ATO.
Low income super tax offset (LISTO) - remains unchanged
The income threshold for LISTO remains at $37,000 for the 2025–26 financial year.
Super on paid parental leave
Parents with babies born from 1 July 2025 will be paid 12% super on the government funded parental leave pay if eligible.
Maximum super contribution base
The maximum contribution base for the Superannuation Guarantee (SG) is $62,500 per quarter for the 2025–26 financial year.
Government super co-contribution
From 1 July 2025, the maximum super co-contribution entitlement from the government for low-income earners remains at $500. The lower income threshold increases to $47,488 and the higher income threshold increases to $62,488.
Learn more about how the government co-contribution works.
Other superannuation changes
- Small business Capital Gains Tax (CGT) cap contributions
The lifetime CGT cap contribution is $1,865,000 for the 2025–26 financial year.
- Superannuation Guarantee (SG) introduced in National Employment Standards
From 1 January 2024, SG is now part of the National Employment Standards entitlement under Fair Work Australia. This means an individual can take legal action against employers who don't meet their SG obligations. All employers must pay SG contributions to eligible employees by law.
- Legislating the objective of superannuation
The government has introduced legislation to describe the purpose of superannuation. The Superannuation (Objective) Act 2024 defines it as:
"The objective of superannuation is to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way."
From 1 July 2026
Payment of super on payday
The government has announced that employers must pay employees their super at the same time as their salary and wages, rather than quarterly, from 1 July 2026.
Proposed start date: 1 July 2026
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