Superannuation Guarantee rate
will increase on
1 July 2021 to 10%
On 1 July 2021, the super guarantee rate will increase from 9.5% to 10%.
The rate is scheduled to progressively increase by 0.5% until it reaches its final value of 12% in July 2025.
For most accounting packages, eg, Xero, MYOB, etc, the rate needs to be manually updated to 10%. At Expert Bookkeeping and Accounting Services, as per our standard client service, we will check each of our client's files and manually update the rate if required on 1 July 2021.
Published: 29/06/2021 10h00