URGENT - New Super Changes

From 1 July 2024, the superannuation guarantee will increase, and employees will receive more in their super accounts.

This means you or your payroll person/team MUST review your payroll system ASAP to avoid incorrect payments.

From 1 July 2024, the super will:

👉 Increase from 11% to 11.5% - Employers are required to adjust this amount.

👉 concessional contributions cap will increase from $27,500 to $30,000

👉 non-concessional contributions cap will increase from $110,000 per year to $120,000

👉 For More Information Visit - https://www.ato.gov.au/