Superannuation Guarantee

Superannuation to increase from 9.5% to 10%

All GP registrars employed according to the NTCER are considered to be employees so, from 1 July 2021, will receive a superannuation contribution increase from 9.5% to 10% of their salary.

This increase is a part of the Australian Government’s Superannuation Guarantee.

What is the Superannuation Guarantee?

The Superannuation Guarantee, commonly known as the Super Guarantee or SG, is the contribution that is regularly made into your nominated superannuation fund by your employer. Currently, the SG is 9.5% of your salary and is in addition to salary and wages.

The minimum percentage employers are required to pay is set to increase over time, with the next increase to 10.0% due on 1 July 2021 (with the SG rate increasing in 0.5% increments on 1 July each subsequent year, until it reaches 12.0% on 1 July 2025).

The SG rates will increase as follows:

  • 1 July 2014 – 30 June 2021: 9.5%
  • 1 July 2021 – 30 June 2022: 10%
  • 1 July 2022 – 30 June 2023: 10.5%
  • 1 July 2023 – 30 June 2024: 11%
  • 1 July 2024 – 30 June 2025: 11.5%
  • 1 July 2025 – 30 June 2026 and onwards: 12%

How will this change work for GP registrars?

As described in the NTCER (clause 7 and schedule A) the SG contribution is calculated based on your base rate of pay and any percentage billings calculation and is paid on top of your salary, with compliance governed by the Superannuation Guarantee (Administration) Act 1992 (Cth).

This means that whichever is the higher of 10% of your base rate of pay or 10% of your percentage of billings/receipts (the NTCER minimum being 44.79%, plus superannuation) will be your SG contribution from 1 July 2021.

What do I need to do?

This increase should apply for all contributions, from 1 July 2021, being made by your employer into your superannuation fund. GPRA recommends regularly checking the superannuation contributions made into your super fund, and if you do not receive this increase, that you follow up with your practice manager or GP supervisor. As GPSA has informed their members of the upcoming change, practice managers should be aware of this change.

GPRA and GPSA are working to update the NTCER to reflect these changes, with the next version of the NTCER expected to be published in July 2021.

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The NTCER covers the terms and conditions of GP Registrars' employment.