Is your business ready for the super guarantee rate rise on the 1 July 2021

Time to get organised because from 1 July 2021, the super guarantee will rise from 9.5% to 10% so you’ll need to be prepared. Make sure that your accounting and payroll systems are updated to ensure a smooth crossover.

The ATO has some handy calculator tools to help employers work out how much they need to pay their employees. The ATO also has a super eligibility decision tool to help you determine who you need to pay super for. With the different types of employee categories (contract, permanent part-time, part-time, verbal, or written agreement) it is a handy tool to make sure that you are paying super to the right people.

For further information, visit the ATO website:

https://www.ato.gov.au/Calculators-and-tools/Super-guarantee-eligibility/