Do I need to Manually adjust super Rates to 11% from 1st July 2023?

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Zoya
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Do I need to Manually adjust super Rates to 11% from 1st July 2023?

Hi help team,

Just need help with New rates for super guarentee from July. 

with STP2, do I need to manually adjust super guarantee rates to 11% or MYBY Sysment with Automaticlly adjust from July in Payroll?

If I need to manually adjust, how to do this?  I tried to look at :

Edit -Superannuation Guarantee, can't see anything on super rates.

 

thanks

 

Zoya

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NikkiParsons
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Re: Do I need to Manually adjust super Rates to 11% from 1st July 2023?

Earl_HD
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Re: Do I need to Manually adjust super Rates to 11% from 1st July 2023?

Hi @Zoya adn @NikkiParsons 

Thank you so much for your post.  you won’t need to manually update your super rate with each increase. MYOB will automatically adjust to the current legal requirement, ensuring you always meet your obligations. 

This help article will give you more information about: Staying compliant with super guarantee rate increases

Regards,
Earl  

MYOB Community Forum

Online Help| Forum Search| my.MYOB| Download Page

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Zoya
Experienced Cover User
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Re: Do I need to Manually adjust super Rates to 11% from 1st July 2023?

Thank you so much

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