If the Calculation Basis in your super guarantee payroll category is set up similar to this, the new option Minimum Required Rate will be automatically selected for you when you process your first pay dated from 1 July and you're using AccountRight 2022.5 (how do I get the latest version?).

You can select the new Minimum Required Rate option manually now if you like, which means 10% super will be calculated up until 1 July, then it'll automatically calculate 10.5% from 1 July onwards.

1. Go to the Payroll command centre and click Payroll Categories.
2. Click the Superannuation tab.
3. Click the blue zoom arrow to open the Superannuation Guarantee payroll category.
4. For the Calculation Basis, select the option Minimum Required Rate to pay the mandatory minimum super guarantee contributions for the current, and future, payroll years.
5. Click OK to save your changes.

If the Calculation Basis in your super guarantee payroll category is NOT set up similar to this, for example you're paying less than 10% or more than 10.5%, it means you're paying a non-standard amount for your super guarantee contributions.

You can choose to keep doing so (providing you meet your super obligations), or you can select the new Minimum Required Rate option to simplify your super calculations. 

1. Go to the Payroll command centre and click Payroll Categories.
2. Click the Superannuation tab.
3. Click the blue zoom arrow to open the Superannuation Guarantee payroll category.
4. (Recommended) For the Calculation Basis, select the option Minimum Required Rate to pay the mandatory minimum super guarantee contributions for the current, and future, payroll years.
5. If you're not paying the minimum super guarantee contributions for your employees, choose a different Calculation Basis. If unsure, check with your accounting advisor or the ATO. Check your super obligations.
   
   • Select User-Entered Amount per Pay Period if you want to enter the super amount each time you do a pay run.
   • Select Equals x Percent of and enter the super rate to be calculated and what it should be calculated on, e.g. Gross Wages.

   • Select Equals x Dollars per if you want to pay a set amount of super per pay period, per hour, per month or per year.

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     Using one of the above 3 options means you'll need to manually manage any future super guarantee rate increases.

6. Click OK to save your changes. 

If you use multiple 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.

<h2><i class="fa fa-comments"></i>&nbsp;&nbsp;FAQs</h2><br>

What super rate is used for pays that span payroll years?

If you've selected the new option in your super guarantee payroll category, the applicable rate will be used based on the Payment Date in the pay run.

For example:

• If the payment date is June 30 or earlier, a super guarantee rate of 10% will apply.
• If the payment date is July 1 or later, a super guarantee rate of 10.5% will apply.

This means if the pay period includes dates in June and July, the Payment Date will determine which super rate will be applied.

What super rate is used if I process a pay in June with a July date of payment?

If you've selected the new option in your super guarantee payroll category, the applicable rate will be used based on the Payment Date in the pay run.

For example:

• If the payment date is June 30 or earlier, a super guarantee rate of 10% will apply.
• If the payment date is July 1 or later, a super guarantee rate of 10.5% will apply.

This means if the pay period includes dates in June and July, the Payment Date will determine which super rate will be applied.

What if my business chooses to pay a higher rate of super?

If you pay your employees more than the minimum super guarantee rate, you can either:

• select the option Equals x Percent of in the super guarantee payroll category and enter the super rate you're paying, or
• use 2 super guarantee payroll categories to clearly show the additional super on your employees' pay slips:
  • In the first super guarantee payroll category, select the option Minimum Required Rate.
  • Create a separate super guarantee payroll category for the additional percentage. For example, if you pay 3% above the minimum super rate, set up the additional super payroll category with the Calculation Basis set to Equals 3% Percent of Gross Wages. Both super payroll categories will show on your employees' pay slips making it clear they're receiving a higher contribution. Learn more about Additional superannuation contributions.

Why can't I see the OK button when I try to save changes to a super payroll category?

If you can't see the OK button in the Superannuation Information window, it could be because of your monitor's display settings. For more information, see Fixing display issues.