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Superannuation to increase 1 July 2023

Superannuation to increase 1 July 2023. The superannuation guarantee (SG) is the minimum percentage of a salary that an employer must contribute to an employee’s superannuation fund. The percentage is legislated and controlled by the Australian Taxation Office (ATO). The current SG percentage is 10.5% of employees’ ordinary time earnings. From 1 July 2023, the...
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