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#EveryoneNeedsaPlan: Super Paid on Parental Leave

Posted by Dean McKinnon on 26 August 2024

The federal 2024 budget confirmed superannuation will be paid on government-funded Paid Parental Leave (PPL) payments:

  • The contribution will be 12% of the payment
  • The contribution will be paid on payments after 1 July 2025
  • From 1 July 2026, the maximum PPL will be 130 days (26 weeks)
  • Recipients must satisfy eligibility criteria
  • If you need help with understanding the PPL, please don't hesitate to get in touch with us and arrange your free initial consultation
Author:Dean McKinnon
Tags:SuperannuationFinancial PlanningSocial Security

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