As we all know from the 1st July 2013 the Superannuation Guarantee Rate will be increasing from 9% to 9.25%. The increase in contributions will continue each year until reaching a level of 12% as outlined for the financial year 2019/20.
With many recruiters in speculation at the moment, as to whether or not to charge the increase back to their end client especially in terms of any existing contracts that go beyond 30 June 2012. So with this in mind…What decisions are recruiters making to accommodate the increase?
We would like to hear your thoughts and how you are planning to manage the change.