Voluntary Contributions – Starting 1 July 2022, those under 75 years of age will be able to make voluntary contributions without the need of satisfying the work test requirement. The ATO has an informative page on their website for all the date changes and eligibility requirements here or contact your super fund or financial planner.
Super Guarantee @10.5%
From 10%, the percentage rate for Super Guarantee will increase to 10.5% starting 1 July 2022, so employers make sure your payroll settings change in your software from the first payroll July 2022. For employees, make sure you’re being paid the higher rate after 1 July 2022.
There are other changes that will take effect starting the 2022 Financial Year, such as the Removal of the $450 monthly SG threshold, Reduction in eligibility age for downsizer contributions, Spouse contribution age limit increased, and others which you can a look here.
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