Superannuation changes

Licensees and Contractors are reminded that the superannuation guarantee increased from 9% to 9.25% from 1 July 2013.The other significant change from 1 July is that the age limit for employee superannuation guarantee eligibility will be removed. This means that employers will be obliged to make superannuation payments to employees who are 70 years old or more.For more on the removal of the age limit and the changes to the superannuation guarantee, visit the ATO website.