Changes to the Super guarantee percentage from 1 July 2021

(ATO)

What is SG?

The minimum super which must be paid each quarter for each eligible employee is called the super guarantee (SG).

Currently the SG is 9.5% of their ordinary time earnings (OTE).

OTE is usually the amount employees earn for their ordinary hours of work. It includes things like commissions, shift loadings and allowances, but not overtime payments.

To work out what must be paid, multiply the employee’s OTE for the quarter by the SG rate (or the percentage used if paying super at a higher rate).

 

Super guarantee percentage

Table 21: Super guarantee percentage

Period General super guarantee (%) Super guarantee (%) for Norfolk Island (transitional rate)

(from 1 July 2016)

1 July 2002 – 30 June 2013

9.00

0

1 July 2013 – 30 June 2014

9.25

0

1 July 2014 – 30 June 2015

9.50

0

1 July 2015 – 30 June 2016

9.50

0

1 July 2016 – 30 June 2017

9.50

1

1 July 2017 – 30 June 2018

9.50

2

1 July 2018 – 30 June 2019

9.50

3

1 July 2019 – 30 June 2020

9.50

4

1 July 2020 – 30 June 2021

9.50

5

1 July 2021 – 30 June 2022

10.00

6

1 July 2022 – 30 June 2023

10.50

7

1 July 2023 – 30 June 2024

11.00

8

1 July 2024 – 30 June 2025

11.50

9

1 July 2025 – 30 June 2026

12.00

10

1 July 2026 – 30 June 2027

12.00

11

1 July 2027 – 30 June 2028 and onwards

12.00

12

Note: If you need percentages for years prior to 2002–03, refer to former sections 20 and 21 of the Superannuation Guarantee (Administration) Act 1992, available from the ATO’s Legal database.

 

Contributions for each employee are required to be paid on at least a quarterly basis.

Table 22: Contribution quarters
Quarter Period

1

1 July – 30 September

2

1 October – 31 December

3

1 January – 31 March

4

1 April – 30 June

0

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