Superannuation Guarantee rise
An announcement from July 2023, when the SG rate rose to 11%. The rate has since reached 12%, and since 1 July 2026 super is paid on each payday rather than quarterly.
This post is from July 2023 and describes the rise to 11% as it was announced then. The SG rate reached its final legislated level of 12% on 1 July 2025, and since 1 July 2026 super has been paid on each payday rather than quarterly. For the current rules, see What is Superannuation Guarantee?.
Starting from 1 July, the Super Guarantee (SG) Rate for your employees and eligible contractors has been increased to 11%. To ensure compliance, please update your payroll and accounting systems accordingly.
Remember to:
- Calculate super contributions at the new rate of 11% for payments of salary and wages made from 1 July onwards.
- For the last quarter (ending 30 June), use the 10.5% rate for payments made before 1 July.
Please note that the SG rate is set to progressively rise to 12% by July 2025.
If you require assistance in determining the correct super contributions for your employees and eligible contractors post 1 July, you can always consult our accountants for professional advice. Book your appointment today.