Increase to superannuation guarantee

The super guarantee rate increased to 9.50% from 1 July 2014.

The Government has announced the rate will remain at 9.5% until 30 June 2018 and then increase by 0.5 percentage points each year until it reaches 12%.

The ATO advises that generally, employers have to pay super for an employee if the employee is 18 years or over and is paid $450 or more (before tax) in salary or wages in a month. It doesn't matter whether the employee is full time, part time or casual.

For more information, see the ATO's superannuation guide for employers.