Changes to superannuation in July 2022

On 1 July 2022, various changes to superannuation will come into effect that could benefit many Energy Super members.

  • Superannuation Guarantee (SG) contribution rate to be increased to 10.5%
  • Work test for retirees aged 67 and 74 years to be abolished
  • Eligibility age for downsizer contributions to be lowered to 60 years
  • $450 monthly income threshold for super contributions to be removed.

Energy Super has explained each of these changes and what they could mean for you. Visit their website for more information.

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This article was publised on 30 May 2022.