- 31
- Mar
- 2012
Super Guarantee to Rise to 12%
Superannuation contributions that you currently pay on behalf of your employees are set to rise gradually from the current 9.5% to 12% by 2025.
The first rise of 0.25 % occurred in the 2013-14 financial year to 9.25%, up from 9%. The super increases can be seen in the following table:
Super Guarantee Rate Rises
| Financial Year | Rate (%) |
|---|---|
| 2014-15 | 9.5 |
| 2015-16 | 9.5 |
| 2016-17 | 9.5 |
| 2017-18 | 9.5 |
| 2018-19 | 9.5 |
| 2019-20 | 9.5 |
| 2020-21 | 9.5 |
| 2021-22 | 10.0 |
| 2022-23 | 10.5 |
| 2023-24 | 11.0 |
| 2014-25 | 11.5 |
| 2025 and onwards | 12.0 |
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