$450 per month threshold for super guarantee eligibility removed

Currently, employees need to earn $450 per month to be eligible to be paid the superannuation guarantee.
This threshold will be removed so all employees will be paid super guarantee regardless of their income earned.
The Retirement Income Review estimated that around 300,000 individuals would receive additional superannuation guarantee payments each month once the threshold is removed.

We’ll keep you up to date as the detail of these measures comes to hand.

If you have any further questions, please do not hesitate to email admin@5eca.com.au