Employers’ super obligations
Oct 24, 2022
Meeting your super responsibilities means you’re contributing to your employee’s financial future. Super is also an essential part of running a business, and AustralianSuper is here to help.
If you need to revisit your employer super obligations, AustralianSuper have these quick super
refresher points regarding:
- Employer super contributions – what you need to know including reportable superannuation contributions, when super is due and how much super to pay.
- What happens if you miss a super payment?
- Five key steps to better manage your super payments.
Learn more about Super responsibilities for employers.
Super guarantee – now 10.5%
As of 1 July 2022, the Super Guarantee has increased to 10.5%. That’s an increase of 0.5% for FY22/23. And it will continue to increase 0.5% each year to reach 12% in 2025.
With this latest increase, it’s a good idea to remind employees to check their pay slips to help ensure they’re receiving the correct super amount.
To ensure you’re across the latest updates, employers can find out more about the Super guarantee increase.
* Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394
898.
