Super Guarantee
The Superannuation Guarantee (Administration) Act 1992 (SGAA) was introduced by the Government on 1 July 1992 to ensure that most employees receive superannuation support from their employer.
The legislation provides that employers must provide at least a set minimum amount of superannuation support for their employees. If an employer fails to pay the minimum amount of superannuation, they may have to pay a Superannuation Guarantee Charge to the Australian Tax Office.
Your employer may choose to pay more than this minimum, or you could request a higher amount during salary negotiations.
The SG minimum is a percentage of your eligible salary. The minimum is 9.5%; it was set at 9% in 2002-03 but since 1 July 2013 it is gradually increasing as follows:
| Financial year | SG rate |
|---|---|
| 2013‑14 | 9.25% |
| 2014‑15 | 9.5% |
| 2015‑16 | 9.5% |
| 2016-17 | 9.5% |
| 2017‑18 | 9.5% |
| 2018‑19 | 9.5% |
| 2019‑20 | 9.5% |
| 2020-21 | 9.5% |
| 2021‑22 | 10.0% |
| 2022‑23 | 10.5% |
| 2023-24 | 11% |
| 2024-25 | 11.5% |
| 2025-26 | 12% |
Note that SG contributions count towards your concessional contributions limit.
Since 1 July 2016, Norfolk Island is also subject to a SG. Currently at 6%, the minimum rate increases by 1% annually – see our frequently asked questions for more details.
