What is the super guarantee rate for 2024-25 and how much must my employer pay?

For the 2024-25 financial year, the Superannuation Guarantee (SG) rate is 11.5% of your ordinary time earnings (OTE). This means your employer must contribute at least 11.5% on top of your salary into your nominated super fund.

The SG rate has been gradually increasing and is scheduled to reach 12% from 1 July 2025 (the 2025-26 financial year).

Key rules about the super guarantee:

• Who is eligible: Most employees aged 18 and over are entitled to SG contributions, regardless of how much they earn. Workers under 18 must work more than 30 hours per week to be eligible.
• No minimum earnings threshold: As of 1 July 2022, the previous A$450 per month minimum earnings threshold was removed. All eligible employees now receive super from the first dollar.
• Maximum super contributions base: For 2024-25, the maximum quarterly earnings base is A$65,070. Employers are not required to contribute SG on earnings above this cap (A$260,280 annually).
• Payment deadlines: Employers must pay SG contributions at least quarterly, within 28 days after the end of each quarter. Late payments incur the Super Guarantee Charge (SGC), which is not tax-deductible.

How to check your super:

• Log into your super fund account or app
• Check your myGov account linked to the ATO
• Review your payment summary or payslips

If your employer is not paying the correct amount, you can report it to the ATO using the Unpaid super guarantee reporting tool.