Superannuation paid on behalf of ALL employees (including owners/directors) will increase to 10.5% for wages paid (bank transfer) on or after 1st July 2022.
The $450 per month threshold will no longer be applicable.
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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