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Australia only

On 1 July 2021, the superannuation guarantee contribution rate increasd 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.

The superannuation guarantee contribution rate is recorded against each of your employees in MYOB Essentials. Tell me more about setting up employees for super.

To check your super guarantee rate

You can check the super guarantee rate for each employee to make sure it's set to 10%. If you started using MYOB Essentials on 1 July 2021 or later, the rate will already be set to 10%.

If your employees have additional superannuation contributions, we recommend checking how they're set up 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.

To check or change the super guarantee rate
  1. Go to the Payroll menu and choose Employees.
  2. Click an employee's name.
  3. Click the Superannuation tab.
  4. Under Super guarantee, make sure the Employer contribution is set to 10%. If it's not, update it.
  5. Click Save.
  6. Repeat for each employee.

  FAQs


What super rate do I use for pays that span payroll years?

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 Pay on date.

For example:

  • 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?

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 MYOB Essentials will calculate and adjust the super accrual amount in the next pay run.

Learn more about how super is calculated in MYOB Essentials.

What if I need to record a pay in the previous payroll year after updating my super rate?

What if I need to record a pay in the previous payroll year after updating my super rate?

If you've already updated an employee's Super guarantee rate to 10% and you need to process a pay for them in the previous payroll year, you'll need to change their rate back to 9.5%. Just follow the steps above to change their super rate.

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.

After you've processed the pay for the previous payroll year, change the employee's super rate back to 10%.