Superannuation Guarantee rate to increase to 10% from 1 July 2021
The minimum rate of Superannuation Guarantee will increase to 10% (from 9.5%) for the first pay period that ends on or after 1 July 2021.
Employers will need to ensure their payroll systems are up to date to allow for these rate changes. In some instances you will need to manually adjust these rates in your payroll systems.
Please refer to your payroll system for update options, or if you are still unsure please contact our office for further instructions.