How satisfied are you with our online help?*
Just these help pages, not phone support or the product itself
Why did you give this rating?
Anything else you want to tell us about the help?
On 1 July 2021, the superannuation guarantee contribution rate increased from 9.5% to 10%. This is the minimum super amount you must pay all eligible employees from 1 July 2021. Learn more about your super obligations on the ATO website.
There's a default payroll category in AccountRight that's used to calculate your super guarantee contributions. You'll find it via Payroll > Payroll Categories > Superannuation tab.
And unless you've renamed it, it's called Superannuation Guarantee. Tell me more about super categories.
To check your super guarantee rate
You can check the superannuation guarantee payroll category in your company file to make sure it's set to 10%. If you're using a new company file (created on 1 July 2021 or later) in the latest AccountRight verison, the rate will already be set to 10%.
If you use additional superannuation payroll categories, we recommend checking each of them to see if they need changing based on this rate increase. If you're not sure about the impacts of this change on your business, check with your accounting advisor or the ATO.
- Go to the Payroll command centre and click Payroll Categories.
- Click the Superannuation tab.
- Click the blue zoom arrow to open the Superannuation Guarantee payroll category.
- Make sure the Calculation Basis is set to Equals 10.00%. If it's not, update it.
- Click OK.
What super rate do I use for pays that span payroll years?
If you're processing a pay that includes dates in June and July, the applicable super guarantee rate is based on the Payment Date.
- If the payment date is June 30 or earlier, the super guarantee rate for that pay should be 9.5%.
- If the payment date is July 1 or later, the super guarantee rate for that pay should be 10%.
What if I processed a pay in July using the old rate?
That's OK because super is calculated on a monthly basis, like this:
The amount of pay for the month MULTIPLIED by the current super rate MINUS super already calculated for that month.
So if you forget to change the rate before processing the first pay in July, you just need to change the rate to 10% and AccountRight will calculate and adjust the super accrual amount in the next pay run.
Learn more about how super is calculated in AccountRight.
What if I need to record a pay in the previous payroll year after updating my super rate?
If you've already updated your Superannuation Guarantee payroll category to 10%, you won't be able to use that payroll category for pays dated in the previous payroll year (when the rate was 9.5%).
Instead, you'll need to create a new super payroll category for 9.5% and assign it to the applicable employees. Be aware that if you've already finalised your STP information for the payroll year, you'll first need to undo the finalisation. Learn more about Changing a pay after finalising with Single Touch Payroll.
- Create a new superannuation payroll category (Payroll > Payroll Categories > Superannuation tab > New).
- Name the new payroll category "Superannuation Guarantee 9.5%" (or similar), and set the rate to 9.50%.
- Click Employee and select the employees you'll be paying for the previous payroll year.
- Click OK, then click OK again to save the new payroll category.
- Click the zoom arrow to open the Superannuation Guarantee payroll category (the one you've set to 10%).
- Click Employee and deselect the same employees you selected at step 3. This ensures they won't receive 2 lots of super payments.
- Click OK, then click OK again to save your changes.
You can now process the pays in the previous payroll year and the correct (9.5%) super will be calculated.
After processing the pays
Once you're done, you'll need to remove the 9.5% super category from those employees, and re-enable to 10% super category for them:
- Open the Superannuation Guarantee 9.5% payroll category, click Employee and deselect all employees.
- Open the Superannuation Guarantee payroll category (the one you've set to 10%), click Employee and re-select those same employees.