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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.

https://www.ato.gov.au/Super/APRA-regulated-funds/In-detail/News/SG-rate-will-increase-on-1-July-2021/

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