Did you know that the SGC (Superannuation Guarantee Charge) will increase to 12% from 1 July 2025?
The SGC was 9.50% in 2021 and since then has seen a 0.50% each year, which will bring the level to 12.00% from 1 July 2025. There are no further increases legislated from the 12.00% for the years ahead.
The obligation on the employer to pay SGC is restricted to the concessional superannuation cap of $30,000 per annum.
For example, a household with joint PAYG income of $200,000 would see an increase in annual superannuation contributions of $1,000. This change could have a positive effect on the servicing requirements of your client’s SMSF loan, with no impact to their personal position.
Get in contact your CHL BDM or local Connective Elevate BDM to help workshop your next residential SMSF application.
