#RetirementSavings

Australia Passes Law To Extend Superannuation To New Parents From July 2025

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Australia Passes Law To Extend Superannuation To New Parents From July 2025

The Australian Parliament has enacted legislation to extend superannuation contributions to new parents who receive government-funded parental pay — a landmark initiative designed to bridge the gender gap in retirement savings. As the Senate passed the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 on Thursday, parents with babies born … Read more

Unpaid Superannuation Costs Australian Workers AU$30,000 In Retirement: Report

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Unpaid Superannuation Costs Australian Workers AU,000 In Retirement: Report

AUD/USD Forecast: Analyzing the Latest Trends and Predictions Unsplash A new report has revealed that millions of Australians have AU$5bn a year in unpaid superannuation, leaving them AU$30,000 poorer at retirement. According to the Super Members Council (SMC), 2.8 million Australian workers were not paid their full amount of superannuation in 2021–2022, which amounted to … Read more