Vicki's Blog

Superannuation Guarantee changes from July 2022

03 June 2022

From 1st July 2022, superannuation guarantee (SG) contributions will increase to 10.5%.

 

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

 

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Superannuation Guarantee changes July 2022

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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