Changes to Super from 1 July
11th June 2021
There are a number of changes impacting superannuation from July 2021. To help you we’ve listed below some of the more significant changes that could impact you.
The minimum super an employer must pay their employees, the Superannuation Guarantee (SG) is scheduled to increase from the current rate of 9.5% to 10% on 1 July 2021.
The Government set limits on how much you can contribute to your super per financial year without paying additional tax will increase on 1 July 2021 to the new caps below.
If you have any questions about these changes or your superannuation, Peter Lambert – Regional Manger NSW & ACT can help you. Please give Peter a call on 0427 683 786. To see details of all the super changes coming into effect 1 July, visit www.bussq.com.au