More information: super on paid parental leave (May 2024 Tax Update)

Relevant For:

People who wish to understand government changes impacting parental leave and retirement savings.

Key Points:

  • From 1 July 2025, Australian government to pay super on paid parental leave (PPL), enhancing retirement outcomes for women.
  • Decision follows union and advocacy group pressures, highlighting gender disparities in retirement savings.
  • Current PPL allows 20 weeks at $176.55/day; set to increase to 26 weeks by 2026.
  • Additional leave aimed at promoting shared parental responsibilities, with reserved "use it or lose it" weeks for each parent.
  • Changes also aim to improve child care and parenting payment systems, contributing to a more secure retirement for women.

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