New superannuation guarantee hasnt updated

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Niccoach
Experienced Cover User
68 Posts
Experienced Cover User
Australia
Experienced Cover User

68Posts

4Kudos

0Solutions

New superannuation guarantee hasnt updated

My MYOB has not updated the SGC from 10% to 10.5% and I need to pay wages this morning?

2 REPLIES 2
Niccoach
Experienced Cover User
68 Posts
Experienced Cover User
Australia
Experienced Cover User

68Posts

4Kudos

0Solutions

Re: New superannuation guarantee hasnt updated

Ok so when you go through the online MYOB portal it hasnt changed, however when I process through the older way (not sure what you call it sorry), the calculations are correct

Yanike_S
MYOB Moderator
2,585 Posts
MYOB Moderator
MYOB Moderator

2,585Posts

159Kudos

380Solutions

Re: New superannuation guarantee hasnt updated

Hi @Niccoach 

 

Thanks for your post. I am glad to hear the super was updated in your AccountRight desktop software. In the browser it should also be automatically updated. If the Calculation basis in your super guarantee pay item is set up similar to this, the new option Minimum required rate will be automatically selected for you when you process your first pay where the Date of Payment is on or after 1 July 2022.

 

If yours was set up differently you might have to manually change this: Staying compliant with super guarantee rate increases.

Kind regards,
Yanike

MYOB Community Support

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

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post