With superannuation being compulsory for employers to pay, it’s very important to have up-to-date, accurate information about how much, how often, and where to pay super. The ATO provide many resources for this information, but finding what you’re looking for can be challenging.
Here’s a couple of things you need to know, current as at August 2023:
- It’s compulsory to pay eligible employees their super guarantee at least four times per year.
- The minimum SG rate is currently 11%, but is increasing to 12% by 1st July 2025.
For a complete overview covering how much super to pay, see the following page on the ATO website:
Remember to always check links to ensure they take you to the correct page, and if you have any questions, please get in touch.
