Super is increasing from 1st July 2024
Superannuation paid on behalf of ALL employees (and some contractors) will increase to 11.5% for payments (bank transfer) on or after 1st July 2024 (regardless of period worked – don’t split super rates for June and July hours worked).
You may wish to review employment contracts.
Contracts with wages including super mean pay goes down as super goes up. And that could make you an unpopular boss in this climate!
28/06/2024
