Changes to the Super guarantee percentage from 1 July 2021

(ATO)

What is SG?

The minimum super you must pay 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 your employee earns for their ordinary hours of work. It includes things like commissions, shift loadings and allowances, but not overtime payments.

To work out what you must pay, multiply your employee’s OTE for the quarter by the SG rate (or the percentage you use if you’re 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┬áJuly 2002 ÔÇô 30┬áJune 2013

9.00

0

1┬áJuly 2013 ÔÇô 30┬áJune 2014

9.25

0

1┬áJuly 2014 ÔÇô 30┬áJune 2015

9.50

0

1┬áJuly 2015 ÔÇô 30┬áJune 2016

9.50

0

1┬áJuly 2016 ÔÇô 30┬áJune 2017

9.50

1

1┬áJuly 2017 ÔÇô 30┬áJune 2018

9.50

2

1┬áJuly 2018 ÔÇô 30┬áJune 2019

9.50

3

1┬áJuly 2019 ÔÇô 30┬áJune 2020

9.50

4

1┬áJuly 2020 ÔÇô 30┬áJune 2021

9.50

5

1┬áJuly 2021 ÔÇô 30┬áJune 2022

10.00

6

1┬áJuly 2022 ÔÇô 30┬áJune 2023

10.50

7

1┬áJuly 2023 ÔÇô 30┬áJune 2024

11.00

8

1┬áJuly 2024 ÔÇô 30┬áJune 2025

11.50

9

1┬áJuly 2025 ÔÇô 30┬áJune 2026

12.00

10

1┬áJuly 2026 ÔÇô 30┬áJune 2027

12.00

11

1┬áJuly 2027 ÔÇô 30┬áJune 2028 and onwards

12.00

12

Note:┬áIf you need percentages for years prior to 2002ÔÇô03, refer to former sections┬á20┬áand┬á21 of the┬áSuperannuation Guarantee (Administration) Act┬á1992, available from our┬áLegal database.

 

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

Table 22: Contribution quarters
Quarter Period

1

1┬áJuly ÔÇô 30┬áSeptember

2

1┬áOctober ÔÇô 31┬áDecember

3

1┬áJanuary ÔÇô 31┬áMarch

4

1┬áApril ÔÇô 30┬áJune

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