The minimum Superannuation Guarantee (SG) payment is currently 11% of your employee’s ordinary time earnings. If your employees are covered by an award or employment agreement that specifies a higher super contribution than 11%, you must pay the higher amount.
SG rates are scheduled to increase. See the table below for the proposed increases through to 2025. For the latest information about SG rates and ordinary time earnings, call the Australian Taxation Office (ATO) on 13 10 20 or visit the ATO website.
|Year starting on||Charge percentage|
|1 July 2021||10.0%|
|1 July 2022||10.5%|
|1 July 2023||11.0%|
|1 July 2024||11.5%|
|Year starting on or after 1 July 2025||12.0%|