Forum Discussion

Niccoach's avatar
Niccoach
Experienced Cover User
2 years ago

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

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  • Yanike_S's avatar
    Yanike_S
    MYOB Moderator

    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.

  • Niccoach's avatar
    Niccoach
    Experienced Cover User

    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