Superannuation paid on behalf of all employees (including owners/directors) will increase to 10% for wages paid (bank transfer) on or after 1st July 2021 (based on payment date not period worked).
Our clients can relax – we will manage the change in xero on your behalf.
You may wish to review employment contracts to confirm wages are quoted as $xx + super.
Any contract stating salary is $xx inc super means staff will be paid less wages as super increases.
Got questions? Contact us.
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