top of page

Super Guarantee (SG) Changes

  • May 28, 2022
  • 1 min read

The ATO is reminding employers that from 1 July 2022, employees can be eligible for super guarantee (SG), regardless of how much they earn.


Furthermore, from 1 July 2022 through to the 30 June 2023 the super guarantee (SG) rates have increased from 10% to 10.5%. The ATO also also reminding employers to review there payroll program from the 1 July 2022 to ensure the rates have increased. Most payroll programs will have this change automatically in place but it worth just checking.


The Super eligibility changes are because the $450 per month eligibility threshold for when SG is paid is being removed, this was announced in the 2021 Budget. However, employers need only to pay super for workers under 18 when they work more than 30 hours in a week. The ATO also reminded employers that the SG rate will also increase from 10% to 10.5% on 1 July 2022. As a result, employers will need to use the new rate to calculate super on payments made to employees on or after 1 July, even if some or all of the pay period is for work done before 1 July.



 
 
 

Recent Posts

See All
Federal Budget 2026/2027

Reducing the FBT concession for electric cars From 1 April 2029, a permanent 25% discount on FBT will be available for all electric cars valued up to and including the fuel-efficient luxury car tax th

 
 
 
Federal Budget 2026/2027

Permanent $20,000 instant asset write-off From 1 July 2026, the Government will permanently extend the $20,000 instant asset write-off for small businesses with turnover of less than $10 million. Asse

 
 
 
Federal Budget 2026/2027

Reforming negative gearing for residential property investments From 1 July 2027, losses from established residential properties will only be deductible against rental income or the capital gains from

 
 
 

Comments

bottom of page