Superannuation Guarantee (SG)

Superannuation Guarantee (SG)

The super guarantee requires employers to provide sufficient super support for their employees. Employers are obliged to contribute a minimum percentage of each eligible employee’s earnings (ordinary time earnings) to a complying super fund or retirement savings account (RSA).

Minimum SG contribution rate: 9.5%
Maximum contribution base per quarter for 2016/17:  $51,620

 

SG QuarterDue date for quarterly SGDue date for SG Charge (SGC) if late
1 Jul - 30 Sep28 Oct28 Nov
1 Oct - 31 Dec28 Jan28 Feb
1 Jan - 31 Mar28 Apr28 May
1 Apr - 30 Jun28 Jul28 Aug
PeriodSuper guarantee rate (charge percentage)
1 July 2014 - 30 June 20219.5%
1 July 2021 - 30 June 202210%
1 July 2022 - 30 June 202310.5%
1 July 2023 - 30 June 202411%
1 July 2024 - 30 June 202511.5%
1 July 2025 - 30 June 2026 and onwards12%