Super increases to 11% from 1 July 2023
The Super guarantee charge (SGC) percentage increases from 10.5% to 11% from 1 July. Check your workforce forward budget calculations and adjust your payroll system registers accordingly. The remaining two increases to reach 12% are 1 July 2024 (11.5%) and 1 July 2025 (12%). https://www.ato.gov.au/Rates/Key-superannuation-rates-and-thresholds/?anchor=Superguaranteepercentage#Superguaranteepercentage The journey from 3% to 12% actually began way back […]
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