Superannuation Guarantee is now 11%

Superannuation Guarantee is now 11%

The minimum rate of superannuation to be paid for employees over the age of 18 is now 11% (up from 10.5%).

Some awards and agreements may require a higher rate to be paid.

We encourage all employees to check their payslips and also their superannuation funds to see if the correct contributions are being made on at least a quarterly basis.