From 1 July 2022, two important super guarantee (SG) changes will apply to your business.

These are:

  • the rate of SG is increasing from 10% to 10.5%.
  • the $450 per month eligibility threshold for when SG is paid is being removed.

These changes mean that from 1 July 2022:

  • you’ll need to make SG contributions at the new rate of 10.5%
  • employees can be eligible for SG, regardless of how much they earn. You may have to pay SG for the first time for some or all of your employees.