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% |