Partner News: Nexia Australia - Changes to Super from 1 July 2024

Published on Thursday, 1 August 2024

There are several changes to super rules that came into effect from 1 July 2024 that may help grow your retirement savings. Christine Atencia, a CERTIFIED FINANCIAL PLANNER® at Nexia Sydney, highlights these changes in a recent article.

Key among them include the increase in the Superannuation Guarantee (SG) from 11% to 11.5% of ordinary time earnings, with a further increase to 12% scheduled for 1 July 2025. Additionally, contribution caps have also increased, allowing for greater before-tax and after-tax contributions to your super. This change also affects the amounts you can ‘bring forward’, and the total super balance thresholds that apply.

To learn more about these changes, you can read the full article here.

Would you like to discuss your super?

If you would like to discuss how any of the changes may impact your super, why not reach out to Christine for a chat.

Christine believes that every client’s solution should be as unique and individual as they are. As a result, she provides personalised, holistic advice, ensuring her clients are well-informed and confident in their financial decisions. Her focus on tailored strategies is driven by a passion for helping clients reach their goals, particularly time-poor professionals and executives, and high-net worth individuals who understand the importance and the benefits of partnering with clients’ goals.

Christine also specialises in providing advice to female and C-suite executives, as well as advice on ethical, sustainable and responsible investing – reflecting her belief in the importance of aligning financial strategies with personal values.