Posted on: Tuesday June 11th, 2013

Author: Kilimanjaro Consulting

As announced in the 2012-2013 Federal Budget, the Government will be incrementally increasing the Superannuation Guarantee rate over the next 7 years to a rate of 12%.

For the payroll year commencing 1st July 2013, the Super Guarantee rate will increase by 0.25% to 9.25%. If you were making super payments at the minimum superannuation rate of 9% you need to adjust your payments to the new rate from 1 July 2013.

For more information, please download the Superannuation Factsheet.