This is part of the Government's Plan to increase the SG Superannuation Contribution to 12% from the 1st July 2025 as per the table below from the ATO Website
Period | General SG % | SG % Norfolk Island |
1 July 2002 – 30 June 2013 | 9.00 | 0.00 |
1 July 2014 – 30 June 2015 |
9.25 | 0.00 |
1 July 2015 – 30 June 2016 |
9.50 | 0.00 |
1 July 2016 – 30 June 2017 | 9.50 | 1.00 |
1 July 2017 – 30 June 2018 |
9.50 | 2.00 |
1 July 2018 – 30 June 2019 |
9.50 | 3.00 |
1 July 2019 – 30 June 2020 |
9.50 | 4.00 |
1 July 2020 – 30 June 2021 |
9.50 | 5.00 |
1 July 2021 – 30 June 2022 |
10.00 | 6.00 |
1 July 2022 – 30 June 2023 |
10.50 | 7.00 |
1 July 2023 – 30 June 2024 |
11.00 | 8.00 |
1 July 2024 – 30 June 2025 | 11.50 | 9.00 |
1 July 2025 – 30 June 2026 |
12.00 | 10.00 |
1 July 2026 – 30 June 2027 |
12.00 | 11.00 |
1 July 2027 – 30 June 2028 |
12.00 | 12.00 |
Darling Downs Bookkeeping Company
ABN 41 894 025 630
BAS Agent No 25971058
Level 1, 16 Prescott Street
Toowoomba Qld 4350
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