- You need to increase the compulsory super payments you make on behalf of all your eligible employees (including yourselves if you draw a wage) to 9.25%. This is the first of several increases over the next seven years.
- Make super guarantee contributions for employees who are 70 years old or over.
- Ensure your payroll and accounting systems are able to cater for the gradual increase in the super guarantee rate and removal of the upper age limit.
- If you have 19 or fewer employees, consider using the free Small Business Superannuation Clearing House, which lets you pay your super contributions in one transaction to a single location.