Superannuation Guarantee (SG)

Superannuation Guarantee (SG) is the official term for compulsory superannuation contributions made by employers on behalf of their employees.

An employer, regardless of whether they are a small or large business, must contribute the equivalent of 9.5% of an employee’s salary, from July 2014.

Set out below are all SuperGuide articles explaining Superannuation Guarantee (SG).

Making super contributions: 20 popular Q and As

We receive many interesting questions from readers. We believe this contact with our readers makes our SuperGuide site even more useful for readers because we enhance the SuperGuide website in response to the popularity of certain articles and topics, and in response to the types of questions that … [Read more...]

Superannuation contributions: Wearing two caps

Q: Are the caps relating to ‘concessional’ and ‘non-concessional’ contributions regarded as separate? Put simply, can I contribute $30,000 concessional and $540,000 non-concessional sums (a total contribution of $570,000) to my super fund for the 2015/2016 year?A: ‘Yes’ is the answer to the … [Read more...]

SMSF trustees: Is your super fund ready for SuperStream?

If your SMSF receives super contributions from an employer, or employers, on behalf of SMSF members, then your self-managed super fund should be SuperStream-ready… yesterday!If you have just set up your SMSF and seeking information on how to make your SMSF SuperStream-ready, continue reading, … [Read more...]

SuperGuide checklist: 10 more ways to boost your super

Note: This is the second article in a special two-part series that SuperGuide updates regularly, designed to help SuperGuide readers plan for retirement. This article, and the first article in the series, Super checklist: 10 ways to save your super (link also appears at the end of this article), is … [Read more...]

Investment performance: 23 years of SG delivers 7.6% a year

Since Superannuation Guarantee was introduced 23 years ago, the average long-term median return generated on a ‘balanced’ super fund account has been 7.62% a year, according to regular data released by superannuation ratings company, SuperRatings.Median return means the return delivered by the … [Read more...]

SuperGuide checklist: 10 ways to save your super

The superannuation accounts of Australians have been affected by volatile investment markets in recent months, and you may be tempted not to focus on your super and retirement plans because of this volatility. Although you cannot control the investment markets (but you or your super fund managers … [Read more...]

Superannuation Guarantee: Many Aussies miss out on SG increase

Now that we are well into the second financial year of a higher Superannuation Guarantee rate of 9.5%, you can expect some difficult conversations between employers and employees in coming months as some salaried employees discover that the Superannuation Guarantee (SG) increase of 0.25%, which took … [Read more...]

Superannuation Guarantee: 10 facts about your SG entitlements

Note: The Superannuation Guarantee rate for the 2015/2016 year is 9.5% (from 1 July 2015 to 30 June 2016). Effective since 1 July 2014, the SG rate increased to 9.5% (from the 9.25% that applied for the 2013/2014 year). The SG rate will now remain at 9.5% for another 6 years, increasing to 10% from … [Read more...]

Superannuation Guarantee: What is the maximum SG employers must pay?

Q: I am earning a salary of $200,000 plus super. I am aged 42. I understand a maximum contribution level applies based on a 9.5% SG contribution, before the balance up to $30K limit can be made on a salary sacrifice basis. Can you please confirm what the maximum SG contribution is allowed to be for … [Read more...]

Superannuation tax refund: 10 things you should know

NOTE: The Low Income Super Contribution for low-income earners is available until the 2016/2017 financial year (until 30 June 2017). Originally, the Coalition government planned to repeal the LISC after one year of operation, that is, it was expected to only apply for the 2012/2013 year. Due to … [Read more...]