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Superannuation guarantee, or SG, is the amount your employer has to pay into your super fund on your behalf. The purpose of super is to provide income in retirement to substitute or supplement the government age pension, so the rate of the SG should be set at a level that will provide enough income to provide a comfortable retirement for most Australians.

At the moment, SG is set at 9.5% of your wages, and the federal government has legislated that it will increase steadily to 12% by 2025.

There has been speculation that the increases might not go ahead as legislated and there continues to be pressure to have increases put on hold. The legislated increase to 12% SG is important for the retirement outcomes of millions of Australians. Without the increase, many workers will retire without adequate savings for a comfortable retirement. The government has already stopped planned SG increases twice before, and there continues to be commentary calling for SG to be ‘frozen’ at 9.5%.

What a freeze to SG would mean for you

We calculated the effect the SG freeze would have on a hypothetical member’s retirement balance. Our hypothetical member, Nicola, has $95,000 in her account and was 45 years old on 1 July 2020.

If the SG doesn’t get frozen

If the SG increases proceed as legislated, in today’s dollars Nicola will have $358,538 when she reaches 67.

If the SG is frozen

If the government decides to leave the SG rate at 9.5% it will cost Nicola – she’ll only have a projected $319,762 in her account when she reaches 67. That would mean the government’s super freeze would cost Nicola $38,776.

What would an extra $38,776 in your super mean to you?

New brand v2 Nicola PNG

If you have any questions, don’t hesitate to contact our Member Services team on 1300 300 820 Monday to Friday, 8:30am to 5pm.


Assumptions: returns are 6.2% (net of fees and taxes), CPI & Cost of living 4% which is consistent with ASIC’s MoneySmart assumptions. Please remember that past performance is not a reliable indicator of future performance

* todays dollars

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