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The rate of compulsory super that your employer pays you will rise to 10% from 1 July 2021.
The Superannuation Guarantee (SG) is the minimum amount that an employer must pay into your super fund if you are an eligible employee.
As of 1 July 2021, the SG will rise from 9.5% to 10% of your ordinary time earnings. Ordinary time earnings salary is generally what you earn for your ordinary hours of work, including commissions, shift loadings and allowances, but not overtime payments.
Under the current legislated timetable, the SG rate rises to 10% on 1 July 2021 and then incrementally by 0.5% each financial year to 12% by 1 July 2025.
The super guarantee is scheduled to increase to 10% on 1 July 2021, and to increase each year by 0.5% until it reaches 12% on 1 July 2025.
1 July 2021
1 July 2022
1 July 2023
1 July 2024
1 July 2025
QSuper have a range of calculators to help you plan for your retirement. Try our Super Projection Calculator to check how much super you're on track to end up with, what sort of income you can expect in retirement, and how long your super might last.
If your super needs help, you can take actions to feel more confident about your future:
Explore ways to grow your super
Register for our seminars or webinars
Download our app to track your payments and earnings
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