Super guarantee increase to proceed – the superannuation guarantee rate will increase from 10% to 10.5% from 1 July 2022. Please refer to table below for upcoming superannuation rate increases, and plan accordingly for these increases... including the Low Earner exemption removal below.
Super guarantee low earner exemption removed – the $450 per month eligibility threshold will be removed from 1 July 2022.
Consequently, employers will be required to make quarterly contributions on behalf of their low-income employees earning less than this
amount per month unless another exemption applies.
