SMSF Advice Hub

Login

Join

All The Self-Managed Superannuation Advice You’ll Ever Need

  • Home
  • About
  • News
  • Resources
    • How To Set Up an SMSF
      • [Member] Better ways to setup your fund
    • Contributions
      • Employer Contributions
      • Member Contributions
      • Contribution Limits (Caps) & Excess Contributions Tax
    • Taxation on SMSFs
      • Contributions Tax
      • Tax on Income (0%, 10% or 15%)
    • Benefits – getting your money
      • Preservation – “Hands Off!”
      • Lump sum withdrawals
      • Income Streams (Account based pensions)
  • Ask A Question
  • Members
    • Join
  • Contact

SG Rate Hiked to 9.5%

By: Alan Preston   •   17 July, 2014

SG rateAmidst mild protest by the employer fraternity, the minimum Superannuation rate has increased from 9.25 to 9.50 percent. The Federal government had made a promise prior to the election that the rate would not rise, but the bill to hold the SG rate could not pass through the senate in time.

9.5% SG to be paid after 30 June

This means that come 1 July, the employers will have to fork out 9.5% interest rate as part of the employer contribution. If the new rates is applicable to you will depend upon the date you have chosen to pay your employees. If it is after 1 July, you will fall under the 9.5% bracket and it will be legally binding.

0.5 percentage points each year

As discussed earlier, the SG rate will increase by 0.5 percentage points each year after 2018 till the time it reaches 12%. Till 30 June 2018, rates will remain glued at 9.5%.

Important info for small businesses

One important thing: if you are a small business having less than or equal to 19 employees, you can use the free services of a clearing house. This will ensure that all the SGs are paid as part of a single transaction at the same location.

Related Posts

Ensure Your Super Contributions Reach Your Fund Before 30 June
Ensure Your Super Contributions Reach Your Fund Before 30 June
Call for Higher Rate of Super for Women
Call for Higher Rate of Super for Women
Judge NALI Against Your Marginal Tax Rate
Judge NALI Against Your Marginal Tax Rate
How SuperStream Impacts Employer Contributions
How SuperStream Impacts Employer Contributions

Ask Our SMSF Experts

  • ask our SMSF experts
  • This field is for validation purposes and should be left unchanged.

Most Popular Posts

  • Retiring Overseas: How $A 1,800 Can Buy You A Life Of Luxury
  • Centrelink Reverse Mortgage Scheme: As Puzzling As Egyptian Hieroglyphs
  • smsf advice hub blue chip shares Why SMSF Investors Should Fall In Love With Blue-Chip Shares
  • managing SMSF Busting The Myth: Managing SMSF is Time-Consuming
  • smsf advice hub super guarantee compliance Ensure Your Super Guarantee Payments Are Compliant

Topics

insurance investing your money managing a super fund properties retirement funding retirement planning self-managed super fund compliance SMSF borrowing SMSF news super contributions super fund benefits super fund rules Super investment tax savings

SMSF Advice Newsletter

Receive the latest super fund news as it happens and stay up to date with your SMSF

Copyright © 2025 by SMSF Advice Hub. All Rights Reserved.

  • Privacy Policy
  • Terms and Conditions

Connect with us on