Australians can look forward to a bigger nest egg as super guarantee rises to 12%

The last in a series of increases to employers’ minimum contribution from 9% over more than a decade will come into effect on 1 July

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Australian workers can look forward to a bigger nest egg, with an increase to the superannuation guarantee to add tens of thousands of dollars to the average super account.

From 1 July, employers’ minimum required contribution to employees’ superannuation accounts will rise from 11.5% to 12%.