#EveryoneNeedsaPlan: Employer SG Contributions Increased to 11.5% from 1 July 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.