Australia’s super system always seems to be changing, but this year the changes were limited. This 1 July brings previously scheduled increases to the superannuation guarantee rate and preservation age and a rise in contribution caps.
Prior years though have brought significant reform, making it difficult to keep track of our complex super system.
If all the recent changes and reforms have left you wondering what it all means for your super and retirement plans, here’s a quick guide to the key legislative changes and when they commenced.
By clicking on the box headings later in this article you can learn the super rule changes that started each financial year from July 2017.
Super rule changes starting 1 July 2024
Increase in Super Guarantee percentage
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