3 May 2022
There are changes to super which take effect from 1 July 2022.  The following are changes you should know about:


The Super Guarantee (SG) rate to increase to 10.5%.

The compulsory SG contributions employers pay to employees will increase to 10.5% from 10%.  The SG contribution rate will continue to increase by 0.5% until it reaches 12% in 2025.  The table below shows the contribution rates that will apply in the coming years.

PeriodSG rate (%)
1 July 2021 – 30 June 202210.00
1 July 2022 – 30 June 202310.50
1 July 2023 – 30 June 202411.00
1 July 2024 – 30 June 202511.50
1 July 2025 – 30 June 202612.00
1 July 2026 – 30 June 202712.00
1 July 2027 – 30 June 2028 and onwards12.00


Removal of the $450 threshold for Superannuation Guarantee (SG) eligibility.

The monthly minimum wage threshold of $450 for employees to qualify for SG payments will be removed from 1 July 2022.

Employers will be required to pay SG contributions to their employees 18 years and older, even when the employee earns less than $450 each month.


Changes to the work test for older Australians

From 1 July 2022, members under 75 years of age will be able to make or receive personal contributions and salary sacrificed contributions without meeting the work test, subject to existing contribution cap limits. They may also be able use the bring forward rule.

However, those aged 67 to 74 will need to meet the work test if they wish to claim a personal super deduction for their contribution.


Downsizer contributions available to more people

If you have reached the eligible age, you may be able to contribute up to $300,000 from the proceeds of the sale (or part sale) of your home into your super fund.

From 1 July 2022 the eligible age is 60 years old or older. Prior to this it is 65 years old or older.

Other eligibility criteria will apply.


First Home Super Saver (FHSS) Scheme

From 1 July 2022, the amount of eligible contributions that can count towards your maximum releasable amount across all years will increase from $30,000 to $50,000. The amount of eligible contributions that can count towards your FHSS maximum releasable amount for each financial year will remain at $15,000.

The FHSS scheme allows you to save money for your first home inside your super fund. This will help first home buyers save faster with the concessional tax treatment of superannuation.


We’re here to help

For more information on the changes to super and how this may impact you, contact our Member Services Team, Monday to Friday between 8.30am – 6.00pm (AEST/AEDT) on 1800022067 or email


Things you should know

The information contained in this article is current at the time of its publication.  However, some information may change over time. The content is for general information only and does not constitute personal advice. We recommend that you consult with a suitably qualified person before making any financial decisions. For more information on NESS Super, or before deciding whether to acquire or hold a product, consider if it is appropriate.  See our Financial Services Guide (FSG), the relevant Product Disclosure (PDS) and the Target Market Determination (TMD).



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