Superannuation Contributions on Paid Parental Leave (Nov 24 Tax Update)

Relevant For:

Expectant parents planning to take paid parental leave from July 2025 onwards.

Key Points:

  • Eligible parents on paid parental leave (PPL) will receive super contributions on PPL payments starting 1 July 2025.
  • Contributions will be deposited directly by the ATO to their super fund after each financial year.
  • No action needed by recipients or employers; the ATO will manage calculations and deposits.
  • Paid parental leave expands: 22 weeks in 2024, 24 weeks in 2025, and 26 weeks in 2026.
  • Four weeks of leave will be allocated to each parent by 2026 to promote shared care responsibilities.

Full Article:

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