Your employer super contributions are increasing
26 June 2023
From 1 July 2023, the Superannuation Guarantee rate is increasing to help Australians save more for retirement.
Superannuation is a way of saving money for your retirement, and employers are required to pay a minimum amount of superannuation for their eligible employees. This is called the Superannuation Guarantee (SG).
The SG rate will increase from 10.5% to 11% from 1 July 2023. This means more money will go into your super account to help boost your retirement savings.
Further increases of 0.5% are scheduled each financial year until 2025 when the rate reaches 12%.
What do I need to do?
You don’t need to do anything to receive this increased payment. Your employer will automatically increase your super contributions to 11%.
These SG contributions help grow your super, but there's more you can do
It’s never too early to think about your super and plan for your future, so take some time to:
- Log into Member Online and check your current account balance
- Use our Retirement planning calculator to work out how much you may need in retirement
- Consider making extra contributions to your super if you can afford it. You may be able to take advantage of special tax rules or government co-contributions depending on your income and circumstances
- Attend a seminar or webinar to learn more about your super and take control of your investment
Need help
- Call us on 13 43 72
- Use Live chat
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Thank you for printing this page. Remember to come back to gesb.wa.gov.au for the latest information as our content is updated regularly. This information is correct as at 24 June 2026.