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Superannuation changes come into force on 1 July 2021

05/20/2021

Superannuation changes come into force on 1 July 2021

SGC Rate – 10%
As intended for some time, the superannuation guarantee rate will increase from 9.5% to 10% from 1 July 2021 and rise by 0.5 per cent per year thereafter until it reaches 12% by 2025. Although there was some speculation that the planned increase would be paused as part of this year’s Budget, that wasn’t the case.