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New SG rate from 1 July 2024

by Beam

|

19/06/2024

From 1 July 24 there will be an new minimum SG rate, 11.5%
From 1 July 24 there will be an new minimum SG rate, 11.5%

Kicking off the new financial year, employers will have to contribute super at a new rate

Moving from 11% to 11.5% for the new financial year, employers need to ensure they’re contributing the correct amount to their employee’s super funds. This is scheduled by the ATO to continue to rise to 12% by 2025.

Currently paid quarterly, the next SG period due date is 28 July 2024. This is set to change in 2026 with the addition of Payday Super in this years federal budget.

Upcoming Super Guarantee periods and due dates

SG payment periods and due dates
SG payment periods and due dates

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