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%.
- First Home Super Saver scheme’s maximum withdrawal to be increased to $50,000.
- 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
/Public Release. View in full here.
