From 1 July 2025, the concessional rate of tax applied to earnings of a member’s superannuation above $3m will increase to a rate of 30%. At this stage, the $3m cap is not indexed. Individuals can either pay the additional tax personally or from their superannuation fund. This measure is still not yet law.

The Government has announced that employers will be required to pay their employees’ SG entitlements at the same time as they pay salary and wages, rather than quarterly as is the current requirement. This will be known as Payday Super and is proposed to take place from 1 July 2026. The measure is still not yet law.