Superannuation Guarantee (SG) from employers will rise to 10.5% from I July 2022. This may result in a reduction in take-home pay for some employees who are on a Salary Package.
If you are an employer, please note that employees can be eligible for SG, regardless of how much they earn as the $450 per month eligibility threshold has been removed.
Please also note that you are required to pay SG for workers under 18 when they work for more than 30 hours in a week.
To work out if you have to pay super, please click here.