From 1 July 2022, two important super guarantee (SG) changes will apply to your business. These are:

  • the rate of SG is increasing from 10% to 10.5%
  • the $450 per month eligibility threshold for when SG is paid is being removed.

What this means for you

 These changes mean that from 1 July 2022:

  • you’ll need to make SG contributions at the new rate of 10.5%
  • with the removal of the $450 threshold of wage means you will be paying SG any employees you hired regardless of how much they earn EXCEPT for employees under 18 years who work under 30 hours a week.