On 1 July 2021, the superannuation guarantee rate will increase from 9.5% to 10%.
- If you are an employer, please ensure your payroll and accounting systems are updated to reflect this change. The rate is scheduled to progressively increase to 12% by July 2025.
- If you are an employee on a salary package, your take home pay may reduce as some employers are expected to reduce the wages to compensate for the increase in superannuation.
Further information can be obtained by following the link below.