Important Information: Changes to Superannuation



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IMPORTANT INFORMATION ABOUT SUPERANNUATION: 



The Federal Government legislated that workers who are eligible to receive the Superannuation Guarantee, can expect an increase from 10% to 10.5% from 1 July 2022. 



Artisan collects and pays Superannuation to our freelance and contract candidates on your behalf, which may mean a minimal increase to charge rate to cover the 0.5% Superannuation contribution increase.



Superannuation is paid on ordinary hours only, the employer (Artisan/People 2.0) will also make superannuation contributions on your behalf in accordance with the Superannuation Guarantee (Administration) Act 1992.

 You can find more information on the ATO website here.





SUPER GUARANTEE PERCENTAGE INCREASE OVER TIME:

 

 

                          Time period


Super %


   1 July 2021 – 30 June 2022


10%


   1 July 2022 – 30 June 2023


10.5%


   1 July 2023 – 30 June 2024


11%


   1 July 2024 – 30 June 2025


11.5%


   1 July 2025 – 30 June 2026


12%


   1 July 2026 – 30 June 2027


12%


   1 July 2027 – 30 June 2028 on-wards


12%

Source: Super guarantee percentage | Australian Taxation Office (ato.gov.au)

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