Superannuation guarantee increase

Jun 24, 2022 | Bookkeeping, Compliance

Superannuation Guarantee rate increase to 10.5% from 1 July 2022

On 1 July 2022, the superannuation guarantee (SG) rate will increase from 10% to 10.5%. The Norfolk Island transitional SG rate will increase from 6% to 7%. The rate you’re required to use depends on when your employee is paid, not when the income is earnt.

This means the new rate will need to be applied to any payments of salary or wages made on or after 1 July 2022, even if some or all of the relevant pay period is before 1 July.

To prepare for these changes, check your payroll and accounting systems are updated to incorporate the increase to the super rate. The SG rate is scheduled to progressively increase to 12% by 2025.
Learn more >

How do you work out if you have to pay super to an employee?

Currently, if you pay a worker $450 or more in a month, generally you must also pay super guarantee. From 1 July 2022 you’ll need to pay super guarantee contributions to an employee’s super fund regardless of how they are paid.
Read about the changes >

Don’t forget to update your software!

With the superannuation guarantee increase to 10.5% for all payroll processed on or after 1 July 2022, it is important to check that your payroll software is displaying the correct rate. You will need to do this AFTER your last payroll for June 2022, but BEFORE you start your first payroll in July 2022.


From 1 July 2022, the software will automatically be updated be updated and will show the superannuation guarantee rate as 10.5%. If you are using manually created superannuation categories, you will need to manually change the rate.
Learn more >

MYOB AccountRight and MYOB Essentials

You will need to go into the superannuation guarantee categories and manually change the rate per the below:
AccountRight: Learn more >
Essentials: Learn more >


From 1 July 2021, provided you have the latest update installed, the software will automatically show the superannuation guarantee rate as 10%,. If you are using customised superannuation categories, you may need to manually change the rate.
Hosted: Learn more >


From 1 July 2022, the software should automatically be updated to show the superannuation guarantee rate as 10.5%. If you are using customised superannuation categories, you may need to manually change the rate.

Further queries or questions?

Let us know if we can assist you in any way with this latest update to the Superannuation Guarantee. Pleas phone our office number 08 6315 2700 for assistance or you can email us at

Do you have a question?

We’re here to help, don’t let your questions go unanswered. Complete your query below and we’ll respond.

Latest Blog Articles

6 Steps to a Happy New Financial Year

The new financial year provides an opportunity for a fresh start for your finances. In this article, we discuss how you can get on top of your financial affairs in six manageable steps. – 6 Steps to a happy new financial year.

read more

Buying your kids a home – good or bad idea?

This article addresses the dilemma that parents face when it comes to helping their kids into their first homes. It outlines some of the traps associated and provides alternatives. – Buying your kids a home – good idea or bad?

read more

Separation Planning: An adviser’s perspective

This article explains why it is vital to see a financial adviser during a relationship separation or divorce. It is written from the perspective of the financial adviser and details the important steps that need to be taken to gain financial independence and ensure a brighter financial future after separation. – Separation Planning: An Adviser’s perspective.

read more

The material and contents provided in this publication are informative in nature only.
It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.


Liability limited by a scheme approved under Professional Standards Legislation