Under the Superannuation Guarantee (‘SG’)
scheme, employers are required to make quarterly
contributions on behalf of their employees.
From 1 July 2021, the minimum contribution
required is 10% (up from 9.5%) of an employee’s
Ordinary Time Earnings base, up to a maximum
quarterly contribution base of $58,920 for 2021/22.
Employers are reminded that the due date for
making SG contributions for the September 2021
quarter is 28 October 2021.