Albanese government announces changes to superannuation

The Albanese government has unveiled its changes to superannuation in Australia, a move it says will eventually deliver more than two billion dollars a year into budget coffers.

It’s claimed the new rules will impact around 80,000 people from July 1, 2025.

“I hope this is the end of them fiddling with it,” Tom Elliott said in response.

Press PLAY below to hear about the changes (and Tom’s reaction)

Shane Oliver, AMP’s chief economist, told 3AW Drive while it didn’t impact a lot of people, it may send a concerning message to the wider community about superannuation.

“It does have an impact on confidence,” he said.

Press PLAY below to hear his thoughts on the changes

(Photo by Martin Ollman/Getty Images)