ClubCOLLECTIVE July 2022
Superannuation payments will increase to 10.5% from 1 July 2022. That means changes to your payroll and the amount of super you’re expected to pay your workers. The rise is part of a plan to increase the super guarantee to 12% by 2025, which aims to better support working Australians financially in retirement.
What the rise in the super guarantee means for your business?
If you manage a business, or payroll and the payment of staff, these changes will impact the amount of super you pay your employees. You’ll need to check you’re paying eligible workers at least 10.5% super. The next step is to advise your workers of this change and make sure they check their pay slips and super contributions.
Find out what you can do to help prepare your business for the super guarantee increase by reading the full article here.
Terms and Conditions
This information may be general financial advice which doesn’t take into account your personal objectives, situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd. AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.
Contact Information
Name: Craig O’Loughlin
Title: Manager, Business Partnerships NSW/ACT
Mobile: 0432 597 724
Email: coloughlin@australiansuper.com
Website: https://australiansuper.com
