Super Guarantee
Changes
Australia’s super guarantee rate is 9.5%.
To help provide a realistic income in retirement, the super guarantee rate will continue to gradually increase up to 12% by 2025. The table below shows the years when the rate increases from 9.5%:
| YEAR | RATE |
|---|---|
| 1 July 2014 | 9.5% |
| 1 July 2021 | 10% |
| 1 July 2022 | 10.5% |
| 1 July 2023 | 11% |
| 1 July 2024 | 11.5% |
| 1 July 2025 | 12% |
To see if you’re entitled to receive the Super Guarantee, and what is regarded as ‘salary’, visit our Super Guarantee Explained page. Then check with your employer to make sure they’re paying the right Super Guarantee rate. If you don’t think you’re getting paid the right amount, discuss this with your employer immediately or contact the Australian Taxation Office on 13 10 20 for advice.
It’s in the company’s best interests to pay the correct rate, as businesses can face a levy for failing to make the minimum payments.