Superannuation contributions that you currently pay on behalf of your employees are set to rise gradually from the current 9.5% to 12% by 2025.
The first rise of 0.25 % occurred in the 2013-14 financial year to 9.25%, up from 9%. The super increases can be seen in the following table:
Thanks, Louise. I haven’t seen this set out to clearly anywhere else.
Thanks Clare – I tried to keep it simple!