Small businesses need to be aware of the Super Guarantee changes in the months
and years ahead. The May 2024 Federal Budget maintained the legislated Super
Guarantee increase to 12%. So, what does this mean.

• From 1 July 2024, the Super Guarantee will increase to 11.5%
• Form 1 July 2025, it will increase a further 0.5% to reach 12%.

Super to be paid with salary

• From 1 July 2026, employers will need to make mandatory Super Guarantee contributions the same day they pay salary and wages, as opposed to the end of the financial quarter.

This change is a way of addressing the amount of superannuation that goes unpaid.
While it will mean that businesses need to better manage their cash-flow to ensure
they can meet these obligations, it will give businesses a more real-time
understanding on what cash is available.