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In the latest episode of "Weekly Superannuation News Wrap," Paige Estritori discusses key developments in the Australian superannuation landscape. The podcast delves into proposed regulations by the Australian Prudential Regulation Authority (APRA) aimed at safeguarding retirement savings in the wake of global economic changes. It then covers the government's plan to increase the Super Guarantee Contribution from employers to 12% by July 2025 for enhanced retirement outcomes. The episode tails off with concerns raised by the Australian Taxation Office over illegal early release schemes in self-managed superannuation funds (SMSFs) and highlights the importance of seeking professional advice. Lastly, it looks at the impressive recovery of super funds post-pandemic. The episode underscores the importance of financial education in managing one's retirement savings.n
