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Superannuation rate increase

10/05/2024

With another super rate increase from 1 July 2024, make sure salary reviews are completed and your payroll is up to date. From 1 July 2024, the superannuation guarantee (SG) rate will increase from 11% to 11.5%, increasing the compulsory superannuation payments employers make to their employees. The 0.5% increment will continue on 1 July […]

Don’t get caught out by upcoming superannuation changes

07/04/2022

From 1 July 2022, there will be several changes to superannuation designed to make it easier for people to grow retirement savings and create opportunities for those who are younger, older and low-income earners. A number of changes are being implemented that will affect who is required to be paid superannuation, the Super Guarantee (SG) […]

SG minimum to increase 10% from 1 July 2021 - are you ready?

04/06/2021

The Superannuation Guarantee (SG) rate will increase to 10% from 1 July 2021 under the Superannuation Guarantee (Administration) Act 1992 (Cth) (SGAA) and will rise by 0.5% per year until it reaches 12% by FY 2025. Employers need to start planning now for the change in the superannuation contributions. Total remuneration package Where employees are […]