Changes to Superannuation Guarantee from 1 July 2013

Employers be Aware

The superannuation guarantee (SG) rate will gradually increase from 9% to 12% between 1 July 2013 and 1 July 2019 (refer to table below).

The SG age limit of 70 will be removed from 1 July 2013, and employers will be required to contribute to complying super funds of eligible mature age employees 70 years old and older.

The super guarantee charge percentage (%)

Period

Super guarantee rate (charge percentage)

1 July 2003 - 30 June 2013

9.00%

1 July 2013 - 30 June 2014

9.25%

1 July 2014 - 30 June 2015

9.50%

1 July 2015 - 30 June 2016

10.00%

1 July 2016 - 30 June 2017

10.50%

1 July 2017 - 30 June 2018

11.00%

1 July 2018 - 30 June 2019

11.50%

1 July 2019 - 30 June 2020 and onwards

12.00%