The maximum super contribution base is used to determine the maximum limit on any individual employee's earnings base for each quarter of any financial year. Employers don't have to provide the minimum support for the part of earnings above this limit.
Income year | Maximum contribution base (maximum income per quarter for SG purposes) | Maximum SG payment amount per quarter |
|---|---|---|
| 2024-25 | $65,070 | $7,483.05 |
| 2023-24 | $65,270 | $6,849.70 |
| 2022-23 | $60,220 | $6,323.10 |
| 2021-22 | $58,920 | $5,892.00 |
The maximum super contributions base is indexed in line with AWOTE each income year. The new indexed amount is generally available each February.
Source: Australian Taxation Office, Maximum super contributions base
In Microkeeper, the Maximum Super Contribution Base is distributed across the number of pay periods within each fiscal quarter. This distribution adjusts automatically depending on the number of payments due in the quarter.
For example, if a quarter contains 12 weekly payments, the $65,070 quarterly cap is divided by 12:
$65,070 / 12 = $5,422.50
At the current Superannuation Guarantee (SG) rate of 11.5%, the maximum super payment per week is:
11.5% * $5,422.50 = $623.58
In quarters with more pay periods (e.g., 13 weekly payments), the weekly cap is adjusted accordingly. For instance:
$65,070 / 13 = $5,005.38
11.5% * $5,005.38 = $575.62
This feature can be configured in the Global Super Settings:
Navigate to Menu > Settings > General > Global > Super Settings Maximum Super, and choose one of the following options: