Superannuation to increase on 1 July 2014

The mandatory minimum superannuation guarantee levy will rise from 1 July from 9.25% to 9.5% and remain at that level until 2018 from when it will increase in annual increments of 0.5% until it totals 12% in 2022. At least that is the position of the Coalition government announced by the Treasurer during the delivery of the 14/15 budget.