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