Superannuation Increases to 10%

Effective 1 July 2021, employers will be required to increase the minimum superannuation contribution to employees from 9.5% of gross wage to 10%. This increase is a statutory increase and compliance with the increase is mandatory. The rate of super is set to rise each year by 0.5% until it reaches 12% in 2025.

Further information can be found on the ATO website.