Superannuation

Superannuation contribution caps 2025

These are the following changes to the superannuation contribution caps for 2025:

• The concessional contribution cap will increase in 2025FY to $30,000 (currently $27,500). Concessional contributions cap | Australian Taxation Office (ato.gov.au)
• The non concessional contribution cap will increase in 2025FY to $120,000 (currently $110,000). Non-concessional contributions cap | Australian Taxation Office (ato.gov.au)
• Superannuation Guarantee will increase to 11.5% from 1 July 2024 (2025FY). It will increase to 12% from 1st July 2025 (2026FY). Super guarantee | Australian Taxation Office (ato.gov.au)

Superannuation on paid parental leave (PPL)

Broadening opportunity and advancing equality | Budget 2024–25

The Government will pay superannuation on Government-funded Paid Parental Leave (PPL) for births and adoptions on or after 1 July 2025. Eligible parents will receive an additional payment based on the Superannuation Guarantee rate (or 12% of their PPL payments), as a contribution to their superannuation fund. Payments will be made annually to individuals’ super funds from 1 July 2026. This will reduce the impact of career breaks to care for young children on superannuation balances and support parents to achieve a more dignified retirement.