The superannuation guarantee (SG) is the term used to describe the minimum payments your employer must make to your super fund on your behalf under Commonwealth law.
These payments are made from your pre-tax income, and will generally be disclosed on your payslip along with your income and any tax withheld.
SG payments can be made on your behalf, this can include for members over age 75.
Now, and until 1 July 2021, the SG rate is 9.5%. In other words, your employer is currently expected to contribute 9.5% of your (pre-tax) income to your superannuation fund.
The SG rate will then increase gradually in successive years until it reaches 12% on 1 July 2025.
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