Increase in superannuation guarantee rate

The government will change the schedule for increasing the superannuation guarantee rate to 12%.

The superannuation guarantee rate will increase to 9.5% on 1 July 2014. The rate will remain at this level until 30 June 2018.

The rate will then increase by 0.5 percentage points each year until it reaches 12% in 2022/23, later than previously proposed.


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