Tuesday, April 9, 2013

Super Changes

With 1 July just around the corner, it’s time to get ready for the first major Super changes of 2013.

Among the most significant changes for employees and employers this year will be the increase of Super Guarantee (SG) payments from 9% to 9.25% from 1 July 2013
2012-13 9.00%

2013-14 9.25%

2014-15 9.50%

The existing Super Guarantee upper age limit will be removed this year. From 1 July 2013 all employers must make Super Guarantee contributions for eligible employees aged 70 and over.

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