Changes to Superannuation Guarantee from 1 July 2013

Changes to Superannuation Guarantee from 1 July 2013

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%