Introducing your super

More super for your future

Three changes mean you will have more super for your future:

• a $500 annual boost for low-income workers
• increasing the employers' contribution from 9% to 12%
• removal of the upper age limit.

Low-income earners

If you earn $37,000 or less per year, you may be eligible to receive a boost to your super of up to $500 annually, starting from the 2012-13 financial year. This money will be paid to eligible low-income earners to help them save for retirement.

Increasing the compulsory super rate

The compulsory super rate (the amount your employer contributes to your nominated super fund) is increasing in each of the next seven years to help grow your savings for the future.

The table below shows how the super rate will increase from 9% to 12% in seven annual steps.

Date	Super guarantee rate
Up to 30 June 2013	9.00%
From 1 July 2013	9.25%
From 1 July 2014	9.50%
From 1 July 2015	10.00%
From 1 July 2016	10.50%
From 1 July 2017	11.00%
From 1 July 2018	11.50%
From 1 July 2019	12.00%

Upper age limit being removed

From 1 July 2013, the upper age limit for compulsory super is being removed - this means no matter how old you are, if you are working and eligible, you can still grow your super.

Sections within Individuals

• Keeping track of your super is easier
• Using SuperSeeker
• Your TFN is the key
• More information from your employer
• More super for your future
• Making it fairer for everyone
• More information