Australians can get pension savings from 2025, despite claims that put social media users to an end.
The Australian Tax Office said the retirement savings with access to super savings are 60 years old and will not change from June 1, 2025.
The claim comes in a Facebook post by angry social media users that the recently re-elected Labor government will raise the pension saving age to a decade by 2030.
“These governments think that these governments think they are increasing the age of pension preservation,” one post read.
“I’ve never been asked or anyone would consult. They just go through these things and no one is told.
Another article says: “Since June this year, your super has been postponed to retire. They want you to work until you die.
The posts include screenshots from suspicious site 4, claiming that after June 1, 2025, the age will gradually increase to 70 by 2030.
The ATO, which manages a key element of the pension system, said in a statement that the claims stem from the “proliferation of cunning websites that share fake news.”
The age of preservation in Australia – the earliest age for people to enter the pension unless there are special circumstances – is set at 60 years old.
Taxation Bureau cracked down on false claims that pension age will increase from June
Australian Tax Office says access to super retirement savings is 60 years old and will not change from June 1, 2025
Accomplices born between July 1, 1960 and June 30, 1964 had different ages of preservation in the changes announced in the 1990s.
But by July 1, 2024, everyone born at that time was already 60 years old, meaning Australia’s preservation age is actually 60 years old.
ATO Deputy Commissioner Emma Rosenzweig said the age will change from June 2025.
“This is classic fake news,” she said in a statement to AAP Factcheck.
Ms Rosenzweig urges people to consider the sources of information they see about pension changes and, if in doubt, check trustworthy sources such as the ATO website or its super fund website, a registered tax agent or a licensed financial advisor.
“Think twice before taking information from third-party sources, including unofficial websites or social media,” the deputy commissioner said.
Starting July 1, 2025, one change to Super Guarantee is related to Super Guarantee, which is the percentage of salary employers
From then on, the ATO website says the Super Guaranteed will rise from 11.5% to 12%.
