Your investment update - May 2024
In our latest Investment Update, we give you a quarterly performance recap, an update on market news and volatility, and showcase one approach we’ve taken towards investing in AI.
For too long, this antiquated threshold has perpetuated ongoing inequity for casual and part-time workers, usually women, who often have lower pay and are in insecure or precarious work. This threshold has meant these workers, particularly those working a small number of irregular shifts for a range of employers, can miss out on the benefits of super, leaving them more vulnerable to poverty as they age.
Getting rid of the $450 threshold helps make our super system fairer for women and those on lower wages. However belatedly, it’s a fantastic result for HESTA members, and indeed for all Australians who work multiple, part-time of casual roles.
Other changes to super effective 1 July 2022 are:
The fight’s not over
We’re so grateful to have partners like you, who continue to fight with us to make the super system fairer. Our next step is to further lobby for SG contributions to continue while a worker is on parental leave. We look forward to being able to share this progress with you soon.
In our latest Investment Update, we give you a quarterly performance recap, an update on market news and volatility, and showcase one approach we’ve taken towards investing in AI.
With inflation and currently high interest rates continuing to hit household budgets, this year’s Federal Budget contained some important changes for super.
Your super is invested in the future of health, aged care and the community.