Superannuation Guarantee (SG) contributions

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Robert Daniele

Mar 1, 2024

Superannuation guarantee (SG) contributions is the terminology applied to the amounts of super your employer contributes. At the time of this writing we are almost half way through the legislated increases with the SG amount now being 11% of your wage. 

There are a few more increases on the way in future years as per the below table.

The Association of Superannuation Funds of Australia considers 12 per cent SG to be critical to helping individual retirees to achieve a dignified retirement as well as improve the sustainability of the Age Pension and take pressure off future federal Government budgets as the population ages.

Periods:

  • 1 July 2019 – 30 June 2020: 9.5% Super guarantee
  • 1 July 2020 – 30 June 2021: 9.5% Super guarantee
  • 1 July 2021 – 30 June 2022: 10% Super guarantee
  • 1 July 2022 – 30 June 2023: 10.5% Super guarantee
  • 1 July 2023 – 30 June 2024: 11% Super guarantee
  • 1 July 2024 – 30 June 2025: 11.5% Super guarantee
  • 1 July 2025 – 30 June 2026: 12% Super guarantee
  • 1 July 2026 – 30 June 2027: 12% Super guarantee
  • 1 July 2027 – 30 June 2028 and onwards: 12% Super guarantee