Superannuation Increase

Superannuation Increase

Are you paying the correct amount of superannuation guarantee?

Effective 1 July 2014 the superannuation guarantee charge rate increased from 9.25% to 9.5%.

The 9.5% rate will now remain until 1 July 2021 after which the superannuation guarantee percentage will increase by 0.5% each year until it reaches 12% on 1 July 2025

It is a good idea to check your accounting software has reflected these changes to ensure you are paying the correct rate.

As always, our team of professionals are happy to discuss this with your further. Please feel free to contact our office.

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