The Financial Services Council (FSC) welcomes the Government’s commitment to pay the Super Guarantee on Government paid parental leave from 1 July 2025.
CEO of the FSC Blake Briggs said: “We congratulate the Government on moving forward with its paid parental leave scheme which would increase the financial security and wellbeing of Australian women, who retire with 25 per cent less superannuation than men.”
The FSC has previously called for paying superannuation contributions on the Government paid parental leave scheme, with this being included in the FSC’s 2022 policy priorities document.
“Paying superannuation on the Government’s paid parental leave scheme plays a part in closing the retirement savings gap for women who take time out of the workforce to raise a family,” Mr Briggs said.
