Smiling First Super member working at a timber cutting factory and warehouse
Smiling First Super member working at a timber cutting factory and warehouse
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Superannuation guarantee

The current superannuation guarantee rate is 11.5% of your ordinary time earnings.

If you are covered by an award or an employment agreement which gives you a higher super than 11.5%, your employer has to pay the higher rate.

Remember to check your pay slips to see that you’re being paid super at the new legal super guarantee rate.

Increases to the super guarantee

Super guarantee contributions rate will be increasing gradually in successive years until it reaches 12% on 1 July 2025.

 Financial Year(s)

Guarantee rate
 2024/25  11.5%
 2025/26 and beyond  12%

The power of small increases

Super is a long-term investment, and this increase can have a great impact on your retirement savings – and your superannuation guarantee payments aren’t the only way to add to your super.

Small changes now can have a big impact

You can add more to your super yourself, and every little bit helps. Try our super contributions calculator to see how much difference you could make to your retirement.

Who is eligible for super guarantee?

Whether you are working full time, part time or casual, your employer is legally required pay superannuation guarantee (SG) contribution of 11.5% of your ordinary time earnings (OTE).

The only exception is if you’re under 18 years of age. In this case you’re only eligible for SG contributions if you work more than 30 hours in a week.

SG contributions are made from your before-tax income and will generally be disclosed on your payslip along with your income and any tax withheld.

We’re here to help. So let’s talk.

If you have any questions, please call our Members Services Team on 1300 360 988, or email us.