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From Thursday July 1, your Superannuation Guarantee will increase from 9.5% to 10%. Is this good or bad news?

Nick Marvin from MarvinHR  joined Mike on Weekdays to discuss what this will mean for you!

It’s the first time Super has increased since July 2014 and will increase by .5% every year until 2025.

The intention behind the legislation is to increase the long-term post-employment finances of employees.

“Depending on how your Super is invested combined with your stock and property investments, it may be very good news for employees.” – Nick

Nick said, “For both employees and employers, reviewing current employment terms to clarify what happens from 1 July is important.”

Want to know more? Listen to the whole chat with Nick below.

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