#EveryoneNeedsaPlan: Employer SG Contributions Increased to 11.5% from 1 July 2024
Posted by Dean McKinnon
on 10 May 2024
The employer superannuation contribution rate increases from 1 July 2024 to 11.50%
- The 2024 FY rate was 11.00%
- The contribution rate is calculated on an employee's Ordinary Time Earnings (basically all earned income and allowances but not Overtime)
- The contribution is payable on income up to the Maximum Super Contribution Base - ~$249,000 annually in the 2024 FY
If you need assistance with your employer super contribution (employee or employer) contact us - your initial consultation is free.
Author:Dean McKinnon
Tags:Superannuation |
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