The Federal Budget 2021-22 included good news for super members. Find out what it could mean for you.
How much super do I need to pay an employee?
As an employer, you’re currently required by superannuation legislation to pay your employees 9.5% of their income in super. This is known as the Superannuation Guarantee (SG).
This percentage is set to rise to 12% by 2025, and as there are penalties for not paying your employees the SG, so make sure you stay on top of your obligations by visiting the ATO website.