Superannuation Guarantee (SG)

2 min. readlast update: 11.01.2023


The Superannuation Guarantee (SG) is the cornerstone of Australia’s compulsory superannuation system. It's a legal requirement for employers to contribute a certain percentage of an employee's earnings into their superannuation fund. The SG aims to ensure all workers in Australia have money set aside for their retirement.

Key Features

  1. Employer Contributions: The SG requires employers to contribute a certain percentage of an employee's earnings into their superannuation fund. As of July 1, 2023, the SG is legislated to rise in half per cent increments each year until it reaches 12 per cent of wages in 2025.
  2. Mandatory System: The SG is a compulsory system for most Australian employers. It's designed to ensure that all eligible employees accumulate savings for their retirement.
  3. Impact on Retirement Savings: The SG significantly increases the retirement savings of Australians, lifting the living standards of Australians in retirement and reducing reliance on the Age Pension.


The Superannuation Guarantee is a critical component of Australia's retirement income system. It ensures that all eligible workers in Australia are accumulating savings for their retirement, thereby improving their living standards in retirement.

How Claimfinder Helps

Claimfinder specialises in assisting individuals with superannuation claims. If you become totally and permanently disabled, are unable to work due to illness or injury, or in the event of death, you may be entitled to claim your superannuation. These claims can be complex, and ClaimFinder connects individuals with Claim Specialists who can guide them through the process, helping to ensure they receive the benefits they're entitled to.


Understanding the Superannuation Guarantee and its impact on your retirement savings is crucial for planning your retirement. It's also important to be aware of the potential benefits you may be entitled to in the event of disability, illness, or death.


The Superannuation Guarantee is a key pillar of Australia's retirement income system, ensuring that all eligible workers are saving for their retirement. In the event of disability, illness, or death, services like ClaimFinder can provide crucial assistance in navigating the claims process, helping individuals access the benefits they're entitled to. 

If you have any questions, please don't hesitate to contact us

Note: While Claimfinder connects you with super claim specialists, we don't directly process claims or offer legal/financial advice. For more information about our services and responsibilities, please refer to our Privacy Policy and Terms of Use.  
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