Superannuation Explained – 2024-25

Everything about the 11.5% Super Guarantee rate, concessional caps, and how superannuation affects your take-home pay in Australia.

Key Super Facts for 2024-25

• SG Rate: 11.5% of ordinary time earnings (rising to 12% from 1 July 2025).
• Concessional cap: $30,000 per year (employer + salary sacrifice).
• Non-concessional cap: $120,000 per year.
• Tax on contributions: 15% for most; 30% if income + super > $250,000 (Division 293).