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FUND DETAILS     USI: NES0100AU     ABN: 72 229 227 691     ADDITIONAL INFORMATION

27 May 2024

Super contributions of Commonwealth Government-Funded Paid Parental Leave  – enhancement

The government-funded Paid Parental Leave (PPL) scheme will see parents get 12% of parental leave payments paid as a superannuation contribution. The scheme builds on the Government‘s commitment to broaden opportunity and advance gender equality.

Parents will need to meet both of the following criteria:

  • have children born or adopted on or after 1 July 2025
  • are eligible for Australian Government Paid Parental Leave

The $1.1 billion to pay super on government-funded Parental Leave, will make the super system fairer, reduce the gender gap and benefit 180,000 families a year.

We‘re here to help

You can also contact our Member Services Team, Monday to Friday between 8.30am and 6.00pm (AEST/AEDT) on 1800 022 067 or email contact@nesssuper.com.au.

Yours sincerely

Simon Horrod
Member Services Manager

Things you should know

This article has been issued by NESS Super Pty Ltd ABN 28 003 156 812 AFSL 238945 (the Trustee), as trustee of NESS Super ABN 72 229 227 691 (The Fund).

The information contained in this communication is current at the time of its publication. However, some information may change over time. The content is for general information only and does not constitute personal advice. We recommend that you consult with a suitably qualified person before making any financial decisions. Before deciding whether to acquire or hold a product, consider if it is appropriate for you.

For more information on the Fund visit our website nesssuper.com.au/pds to view our Financial Services Guide (FSG), the relevant Product Disclosure Statement (PDS) and the Target Market Determination (TMD).

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