top of page

Employee super rate increase

Super guarantee rate to increase on 1 July

The ATO has reminded employers that on 1 July 2022, the super guarantee (SG) rate will increase from 10% to 10.5%. It also pointed out that the applicable rate will depend on when your employee is paid, not when the income is earnt. This means the new rate will need to be applied to any payments of salary or wages made on and after 1 July 2022, even if some or all of the relevant pay period is before 1 July. The ATO also stated that to prepare for these changes, employers should check their payroll and accounting systems are updated to incorporate the increase to the super rate.

4 views0 comments

Recent Posts

See All

Real Estate Workers If you work as a real estate salesperson or rental manager, some of the tax deductions you may be able to claim on your personal tax return are: Meals and Travel The cost of buying

Meals and Travel The cost of buying meals when you work overtime, provided you have been paid an allowance by your employer (you can claim for your meals without having to keep any receipts, provide

bottom of page