Superannuation

From 1 July 2026 tax concessions will be reduced for certain earnings for superannuation balances above $3 million.

Changes to legacy retirement product commutations and reserve provisions now effective.

The government announced changes to superannuation guarantee from 1 July 2026.

New legislation where the government will pay super guarantee equivalent payments on government funded Parental Leave Pay.

From 1 July 2027 the government is boosting LISTO by increasing the income threshold and payment cap.