Superannuation Guarantee

From July 1 2014, the Superannuation Guarantee percentage will increase from 9.25 to 9.5 and will eventually rise to 12% by July 2022.

Superannuation Guarantee is the official term for compulsory superannuation contributions made by employers on behalf of their employees. An employer, whether they are a small or large business, must at this time, contribute the equivalent of 9.25% of an employee’s salary.

The new increases are laid out in the table below:


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Financial year	Current rate increase	Proposed rate increase
2013/14	9.25%	9.25%
2014/15	9.50%	9.25%
2015/16	10.0%	9.25%
2016/17	10.5%	9.5%
2017/18	11.0%	10.0%
2018/19	11.5%	10.5%
2019/20	12.0%	11.0%
2020/21	12.0%	11.5%
2021/22	12.0%	12.0%