From 1 July 2025, the Superannuation Guarantee (SG) rate officially increased to 12%, up from 11.5%. This change forms part of the government’s long-term strategy to improve retirement outcomes for Australian workers by gradually lifting the minimum employer contribution rate.
What This Means:
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Employers must now contribute 12% of eligible employees’ ordinary time earnings (OTE) to superannuation funds.
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The change applies to wage payments made from 1 July onwards, even if the work was performed before that date.
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It’s critical to review payroll settings, employment contracts, and budget forecasts to ensure accurate and compliant contributions