Increase in the Superannuation
Guarantee

The superannuation guarantee for workers is being increased progressively from 9 per cent to 12 per cent, commencing from 1 July 2013.

The Federal Government is also providing an additional boost to the superannuation of low income workers.

People earning up to $37,000 will receive an annual tax refund of up to $500 into their fund starting from 1 July 2012.

And the age limit which prevented older workers from being paid superannuation has been abolished.

Increasing the Superannuation Guarantee Rate Fact Sheet

To find out more information about how changes to superannuation will benefit you, visit More Super.