First Super Superannuation 2
First Super Superannuation 2
text size
  • -
  • =
  • text size
  • +

The superannuation guarantee

The superannuation guarantee (SG) is the term used to describe the minimum payments your employer must make to your super fund on your behalf under Commonwealth law.

These payments are made from your pre-tax income, and will generally be disclosed on your payslip along with your income and any tax withheld.

SG payments can be made on your behalf, this can include for members over age 75.

Now, and until 30 June 2021, the SG rate is 9.5%. In other words, your employer is currently expected to contribute 9.5% of your (pre-tax) income to your superannuation fund. It is scheduled to increase to 10% on 1 July 2021.

The SG rate will then increase gradually in successive years until it reaches 12% on 1 July 2025.

 Financial Year(s)

Guarantee rate

 2014/15 – 2020/21  9.5%
 2021/22  10%
 2022/23  10.5%
 2023/24  11%
 2024/25  11.5%
 2025/26 and beyond  12%

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.