Reminder: Super Guarantee Payment Rate

Posted by Malcolm Campbell on 30 June 2015

The Federal Government’s 2014-2015 Budget changed the existing schedule of payments for superannuation.

From 1 July 2014 the rate increased (as had previously been scheduled) from 9.25% to 9.5%.  However, instead of the annual increases the previous Government had prescribed, super increases have been capped and will remain static at the rate of 9.5% until 30 June 2021.