As it currently stands, the increase in the Employer Superannuation Guarantee from 9.5% to 10, effective 1 July 2021, is a legislated increase. However, the Treasurer the Hon Josh Frydenberg has said recently that a decision on the increase will be made in the May 2021 budget. Unless there is a change in the legislation after the Budget is announced, then this increase will be required. Employers will need to prepare to make the change for the first payrun in the new financial year.
View the ATO table of Superannuation Guarantee rate increases here.