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Superannuation Rates 1 July 2024 – 30 June 2025

The super guarantee charge (SGC) applies when employers don’t pay the minimum amount of super guarantee (SG) for their eligible employees to the correct fund by the due date.

The minimum SGC is Calculated as a percentage of each eligible employee’s earnings (ordinary time earnings) to a complying super fund or retirement savings account (RSA).

Some important reminders: 

  • the super guarantee should be paid to all workers, regardless of their monthly earnings (the $450 threshold no longer applies)

  • for employees 18 years or older, the super guarantee should be paid regardless of their work hours

  • when paid on time, the minimum contribution is calculated based on the employee’s ordinary time earnings (OTE). OTE is the amount paid to employees for their ordinary work hours

  • superannuation is paid on top of the minimum hourly rate specified in an award or agreement. 


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