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May 10 2023
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Employer News

Super Guarantee rate rises to 11% on 1 July 2023: What employers should know

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The Super Guarantee (SG) is the compulsory amount employers must contribute to the super accounts of eligible workers.

From 1 July 2023, the SG rate will increase from 10.5% to 11% for the 2023-24 financial year. This increase is part of a longer-term uplift in the SG rate which will reach 12% on 1 July 2025 and for following years.

Financial year Super Guarantee (SG) rate  

July 2014-June 2021

9.50%

  
2022-22 10.00%  
2022-23 10.50%  
2023-24 11.00%  
2024-25 11.50%  
From 1 July 2025 12.00%  
Financial year

July 2014-June 2021
Super Guarantee (SG) rate

9.50%
 
Financial year 2022-22
Super Guarantee (SG) rate 10.00%
 
Financial year 2022-23
Super Guarantee (SG) rate 10.50%
 
Financial year 2023-24
Super Guarantee (SG) rate 11.00%
 
Financial year 2024-25
Super Guarantee (SG) rate 11.50%
 
Financial year From 1 July 2025
Super Guarantee (SG) rate 12.00%
 

Employee eligibility for SG contributions

Most employees are eligible for super guarantee contributions, however there are some exceptions. For example, employees under the age of 18 need to work more than 30 hours per week to qualify, regardless of their earnings. Click here for more information on eligibility.

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Learn about your super responsibilities as a business owner

A guide to making SG contributions

Depending on your business, there are different processes on how you can pay SG contributions. To help you understand your options, we have created a resources page with answers to frequently asked questions and information on how to make SG contributions as a Rest employer. Please click here for more.

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Visit the Business Help Centre to find answers to the most common questions asked by employers when it comes to account troubleshooting and managing employees’ super.