Attention Employers! Super Guarantee Rates are Changing

From 1 July 2021, the super guarantee rate will rise from 9.5% to 10%.

All employers will need to ensure they have updated their payroll systems ready for 1 July to reflect this increase.

Employers can be subject to interest and penalties for underpayments of super contributions to their employees.

The super guarantee rate is scheduled to increase progressively to 12% by July 2025 (0.5% per year).

If you have any questions about super obligations, please contact our experienced employment law team.

P: 07 4963 0888

E: mackay@mckayslaw.com