Super Guarantee

HomeLearning CentreEmployer Hub

Superannuation Guarantee (SG)

Superannuation Guarantee (SG) is a compulsory system in Australia that requires employers to contribute a percentage of their employees' earnings into a designated superannuation (super) fund. From 1 July 2024 the Super Guarantee will increase from 11% to 11.5% of an employee's ordinary time earnings. It will then increase by a further 0.5% on 1 July 2025 to reach 12%. These small increases to the Super Guarantee could make a big difference to super member balances in the long term due to the magic of compound interest.

The purpose of the Super Guarantee is to ensure that all working Australians are building savings for their retirement. These contributions are designed to accumulate over a person's working life, providing them with financial security once they retire.
The SG system aims to address the challenge of an aging population and the strain it may place on the government pension system by encouraging individuals to take responsibility for their own retirement savings.


If you are behind with your superannuation obligations, it is important to refer to Super Guarantee Charge (SGC) and get up to date as soon as possible. We are here to help you and can assist you with putting a plan in place to get back in front.

Dedicated to helping small businesses thrive.

Our team of expert accountants and small business advisers will guide you in running a successful, profitable, and compliant business, ensuring you can focus on what you do best. Take the first step towards achieving your business goals with confidence.


CONTACT US CONTACT US