New Superannuation Rules – From June 1, 2025, major changes to Australia’s superannuation rules will officially take effect. These updates are part of the government’s effort to increase retirement savings, promote transparency, and improve the long-term financial security of both employees and retirees. Whether you’re still working or already drawing your super, understanding these reforms is essential to avoid penalties and make the most of new opportunities.
These changes affect contribution caps, withdrawal limits, reporting duties, and employer obligations—making it important for all Australians to stay informed and compliant.
New Superannuation Rules – What’s New from June 2025?
Starting June 1, 2025, new annual contribution limits will apply for both concessional and non-concessional super contributions. This change aims to balance long-term sustainability with flexibility for savers.
- Concessional Contribution Cap increased from $27,500 to $30,000.
- Non-Concessional Cap raised from $110,000 to $120,000 annually.
- The three-year bring-forward rule threshold adjusted to $360,000.
- New indexation method linked to Average Weekly Ordinary Time Earnings (AWOTE).
- Employees aged 67–74 can continue making voluntary contributions without meeting work test requirements.
Updated Super Contribution Caps Table (Effective June 1, 2025)
| Contribution Type | Previous Cap | New Cap (June 1, 2025) | Eligible Age Group | Carry Forward Allowed |
|---|---|---|---|---|
| Concessional (Pre-tax) | $27,500 | $30,000 | All under 75 | Yes (5-year rule) |
| Non-Concessional | $110,000 | $120,000 | All under 75 | Yes (Bring-forward) |
| Bring-forward (3 years) | $330,000 | $360,000 | Under 75 | Yes |
| Downsizer Contribution | $300,000 | Unchanged | 55 and above | No |
| SG Rate (Employer) | 11% | 11.5% | All eligible workers | N/A |
| Personal Contributions | N/A | $120,000 | Subject to age cap | Yes |
| Spouse Contribution | $3,000 | $3,500 | Both under 75 | No |
Mandatory Reporting Rules for Employers and Super Funds
Employers and superannuation funds will now have enhanced reporting responsibilities under the new law, effective June 1, 2025. This ensures real-time tracking of employee contributions and better transparency.
- Single Touch Payroll (STP) Phase 2 integration is mandatory for all employers.
- Real-time super payment visibility via MyGov portal.
- Super funds must report daily contribution receipts.
- Late super payments by employers will attract heavier penalties and interest.
- Employees can now receive SMS and email alerts for missed contributions.
Key Employer Reporting Requirements Table
| Requirement | Previous Standard | New Rule (June 1, 2025) | Penalty for Non-Compliance |
|---|---|---|---|
| STP Reporting | Monthly or quarterly | Real-time (STP Phase 2) | Up to $16,500 per breach |
| Super Payment Deadline | Quarterly | 28 days post pay cycle | Interest + Admin Penalty |
| Fund Reporting to ATO | Quarterly | Daily | License Risk |
| Employee Notification | Optional | Mandatory (SMS/email) | Compliance Violation |
Changes to Withdrawal Age and Access Rules
New age brackets have been introduced for accessing super under various conditions.
- Preservation age remains 55–60, based on birth year.
- Minimum drawdown rates reintroduced (post-COVID suspension).
- Transition-to-Retirement (TTR) pensions have updated tax rules.
- Early access rules now include family violence, terminal illness, and long-term unemployment provisions.
Age and Withdrawal Table
| Birth Year | Preservation Age | TTR Eligibility | Tax-Free Access Age | Early Release Conditions |
|---|---|---|---|---|
| Before 1 July 1960 | 55 | Yes | 60+ | Limited |
| 1960–1964 | 56–59 | Yes | 60+ | Terminal illness, etc. |
| After 1 July 1964 | 60 | Yes | 60+ | Expanded criteria |
Penalties for Non-Compliance with New Rules
Both individuals and employers can face penalties if they fail to comply with the June 2025 superannuation rule changes.
- Employers who delay super contributions face fines and interest charges.
- Individuals providing false early access claims may incur civil and criminal penalties.
- Super funds must update systems or risk license suspension by ASIC.
Step-by-Step Guide for Employees and Retirees
For Employees:
- Log in to MyGov and review your super dashboard.
- Confirm your employer is contributing the correct percentage (11.5%).
- Increase voluntary contributions before EOFY to maximise tax benefits.
For Retirees:
- Check updated minimum drawdown rates with your fund.
- Review if you qualify for downsizer contribution benefits.
- If accessing funds early, ensure your conditions of release are valid.
Departmental Contacts and Help Resources
For further clarification or help, contact these departments directly:
FAQs – New Superannuation Rules
Q1: Will the employer super contribution rate change from June 1, 2025?
A: Yes, the Super Guarantee (SG) rate will increase from 11% to 11.5%.
Q2: Can I still use the bring-forward rule to contribute more than $120,000 in a single year?
A: Yes, the bring-forward rule will allow up to $360,000 over 3 years.
Q3: Is there a penalty for employers who fail to comply with STP Phase 2?
A: Yes, they can face penalties up to $16,500 per breach along with legal consequences.
Q4: Are retirees affected by the new rules?
A: Yes, retirees must follow updated drawdown rates and may have new opportunities to contribute via downsizer rules.
Q5: How can I check if my employer is paying the correct super?
A: Use the MyGov portal linked to your ATO account to view real-time super payment history.
Conclusion of New Superannuation Rules
The June 1, 2025 superannuation changes represent a significant shift in Australia’s retirement landscape. These reforms aim to ensure that every worker builds a more secure financial future while ensuring accountability from employers and super funds. It is vital for employees and retirees alike to review their current super strategies, understand the new obligations, and make necessary adjustments to remain compliant.