New Superannuation Rule Set to Deliver More Money in Retirement
A major change to superannuation is coming, with new 'Payday Super' rules aiming to provide faster payments and fewer missed contributions.
The Payday Superannuation Bill, introduced by Treasurer Jim Chalmers, requires employers to make superannuation contributions within seven business days of payday, starting July 1.
Unpaid super totalled almost $5.2 billion in 2024/25
This change is expected to strengthen Australia's superannuation system and combat wage theft, making a real difference to financial security in retirement.
Author's summary: New superannuation rules to boost retirement funds.
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