Super Guarantee rate rising 1 July
June 3, 2021
The superannuation guarantee rate will increase from 9.5 per cent to 10 per cent on 1 July 2021.
Employers will need to ensure their payroll and accounting systems are updated to incorporate the increase to the super rate. The ATO’s super guarantee contributions calculator is available for employers to work out how much super they need to pay.
To determine if employees are eligible for super, including any contractors treated as employees for super purposes, employers can use the ATO’s superannuation guarantee eligibility decision tool.