To help grow Australian workers' savings for retirement, the compulsory super guarantee rate will gradually increase from 9% to 12%.

 When you make super payments on behalf of your employees based on the minimum 9% super guarantee rate, you will need to increase this rate on which you base your calculations to 9.25% on 1 July 2013.

The super guarantee rate increases to 12% over seven years, as shown in the table below.

1 July 2003 - 30 June 2013 9%
1 July 2013 - 30 June 2014 9.25%
1 July 2014 - 30 June 2015 9.5%
1 July 2015 - 30 June 2016 10%
1 July 2016 - 30 June 2017 10.5%
1 July 2017 - 30 June 2018 11%
1 July 2018 - 30 June 2019 11.5%
1 July 2019 and onwards 12%

         

 

 

 

 

 

 

 

 

 

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