Adapting to Economic Changes: The Superannuation Guarantee Increase in Australia from 1st July 2024
The Australian Government—Australian Taxation Office confirmed that the Superannuation Guarantee (SG) rate in Australia will increase from 11% to 11.5% starting 1 July 2024. Understanding the Change The Superannuation Guarantee is a mandatory system in Australia where employers contribute a percentage of an employee’s earnings into their superannuation fund. This rate is set to rise […]