Superannuation Guarantee increases from 1st July 2013

From 1 July 2013, the super guarantee rate will change from 9% to 9.25%. If you are an employer you will need to ensure that your payroll software calculates employer super at the new rate.

In addition the upper age limit for super guarantee payments has been removed. This means you will need to begin paying super for eligible employees who are 70 years or over.