Employer superannuation contributions will be increasing over coming years and the increase to 9.25% must be implemented by 1 July 2013.Employers will need to consider how to implement the new rates, and consider how the roll-out of the increases will be timed, how the increases will be absorbed into current remuneration structures or whether the total remuneration of employees will be increases.Those employers who already contribute more than the contribution cap may also need to consider how the new rates will be implemented.

 

More information on employer superannuation contributions changes and proposed phase-in schedule.