Legislative Update

The Australian Bureau of Statistics recently published the average weekly ordinary time earnings (AWOTE) and consumer price index (CPI) figures for the quarter ending December 2024. These figures are used to set key superannuation rates and thresholds effective from 1 July 2025 (FY26).

Key changes include an increase in the Transfer balance cap, no change to the contribution caps, as well as the continued increase to the Superannuation Guarantee (SG) rate. These updates will affect employers, employees, and retirees, shaping financial strategies for the year ahead.

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