Update Superannuation Rate as at 01 July 2021

The super guarantee rate will increase from the current 9.5% p.a. to 10% p.a. as of 1 July 2021. 

The super guarantee rate will increase from the current 9.5% p.a. to 10% p.a. as of 1 July 2021. 

*** Note: You will need to update this rate for each of your employees only once all pays to 30/06/2021 are completed.

*** Note: Any pays paid after 30/06/2021 will need to include the 10% on the whole pay regardless of what period the pay relates to.

A. To update the SGC superannuation rate for an employee:

• Click on the Payroll toolbar icon.
• Click on the employee to highlight.
• Click on the Select Employee button. (or double click on the employee).

• Click on the Tax and Super tab.
• Update Rate % from 9.50 to 10.00.
• Click OK to save.

If you enter pays and forget to update your Superannuation SGC Rate %:

• Change rate as above.
• Edit all pays made after 30/06/2020: 
  • Click on the pay to highlight.
  • Click on Edit Pay button.

• Click on the Recalculate Tax/Super button.
• This will update the Employer Super Amount.
• Click on OK to save.

Note: ATO Super Guarantee Percentage.