Last updated: May 19, 2021

The Superannuation Guarantee (SG), which is currently 9.5%, is set to increase to 10% from 1 July 2021.

This increase is the first of five annual scheduled increases that will see the SG rate reach 12% from 1 July 2025.

Employers should be prepared for the SG increase to 10% from 1 July 2021.

The ATO have published a table outlining the superannuation guarantee percentages.

When does the next increase take effect?

The next SG increase to 10.50% will take effect from 1 July 2022. The SG will increase progressively by 0.5% each year over the next 5 years until it reaches 12% on 1 July 2025.

Other important changes

As part of the recent Federal Budget announcement, the Government also decided to remove the current $450 per month minimum earnings threshold for SG contributions. The expected operative date of this change is 1 July 2022.

Further advice or assistance

For further advice or assistance on this topic, or any workplace relations matter, call the Ai Group Workplace Advice Line.

Call 1300 862 217 8.30 – 5.15pm AEST Mon-Fri

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