Superannuation Boost Coming for Millions of Australians
- admin928749
- Jun 17
- 2 min read
Starting July 1, nearly 10 million Australians will automatically see more money going into their superannuation, thanks to a government-mandated increase in the super guarantee rate.
The rate will rise from 11.5% to 12%, and while that might seem small, it could mean thousands of extra dollars in your retirement nest egg.
According to the Super Members Council (SMC), the change will put an extra $317 into the average worker’s super over the 2025-2026 financial year. But for younger Aussies, the long-term gains are where it gets really exciting.
If you’re around 30 years old, the SMC says this one change could eventually boost your super by $22,000. And when you factor in the full increase from 9% (a decade ago) to the new 12%, it could add up to $132,000 extra by retirement.
That’s real money — the kind that helps you cover the bills, take holidays, or simply enjoy life with more peace of mind.
Who’s benefitting the most?
More than half of those getting the boost are under 40.
People in their 30s will see the biggest benefit.
About 1 in 3 of those gaining from the change earn less than $50,000 a year.
And 70% of recipients earn under $100,000.
Where you live also matters a little — West Australians will get the highest average boost at $344, while Tasmanians will get around $284.
Super Members Council CEO Misha Schubert says the change is all about securing a better future:
“This boost to retirement savings will help fund the things that matter most — more help with paying the bills, spending time and making memories with the family, trips away and financial security.”
So, come July 1, you won’t need to do anything — but your super will start growing just a little faster. And that’s a win for your future self.
Stay tuned with Aus News Lanka – the leading platform for news for Australians.
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