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Mothers end their careers with 25 per cent less super, facing a 55 percent earnings drop in the first five years of parenthood due to the ’motherhood penalty.’
The government also wants to pay superannuation guarantee on paid parental leave to help parents who choose to have more children.
New parents will gradually gain access to an additional two weeks of paid leave each year until the 26-week mark is reached in 2026.
Eligible parents could receive an additional amount of 12 percent, or $106, paid to their super accounts per week from July 1, 2025.
‘This investment will promote parenting as an equal partnership while boosting the economy,’ Katy Gallagher said.
White House senior adviser Ivanka Trump has said she could consider supporting a paid family leave bill even if it was led by Democrats.
