Superannuation Guarantee set to jump 33%
Working Australians received a pleasant surprise when the Federal Treasurer, Mr Wayne Swan, announced that compulsory employer superannuation contributions are set to jump from the current 9% of salary to 12% by July 2019, a whopping 33% increase in Superannuation Guarantee (SG) contributions.
Treating your super like overtime
If the idea of superannuation doesn’t excite you, yet, imagine, instead of super, that you were being paid overtime for work outside your normal work hours.
