Payroll Blog

Superannuation Guarantee Contributions -July 2013 Changes

The Government has made the following changes to Superannuation Guarantee Contributions that will come into effect in July 2013:-

– an increase in the super guarantee rate from 9% to 9.25% and a gradual increase to 12% over the following six years
– removal of the existing upper age limit for paying super for an employee and you will need to start making super guarantee contributions for employees who are 70 years of age or older

E-Payoffice will ensure that it’s systems remain compliant with these changes

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