Super Guarantee

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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. The current rate of SG contributions in 2024 is 11% of an employee's ordinary time earnings, although this rate is subject to change over time as determined by government legislation.

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.

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