The Superannuation Guarantee Rate Increased On July 1 – What Does That Mean For Your Super?
On 1 July 2021, the Superannuation Guarantee Rate for employees increased from 9.5% to 10% of their wage or salary. With this increase, more and more Australians are now examining what that could mean for their super’s long-term performance. The superannuation guarantee, or SG, dictates the minimum percentage of your earnings that you need to…