Super Guarantee rate of 9.5% from 1 July 2014

05 Jun 14

It is currently legislated that the superannuation guarantee will be increased from 9.25% to 9.50% from July 1st, 2014. The Government will leave this level until 30 June 2018.
The SG charge percentage will then increase by 0.5% each year until it reaches 12% from 2022-23. As such, employers are required to increase their superannuation contributions on behalf of employees to 9.5% or ordinary time earning from1 July 2014.

The measure will apply from 1 July 2014