Super Changes Effective 1 July 2023

Jun 02, 2023

The Superannuation Guarantee rate increases to 11% at 1 July 2023. Make sure you and your clients are ready and compliant.

The rate is effective for payment made on or after 1 July 23, regardless of the pay period.

Review Budgets/Forecasts to see what financial impact this may have on the business / break-even point.
If considering recruiting, ensure the new rate is accounted for.
If struggling with cash flow, consider implementing Pay Day Super - process the super at the same time as payroll so it's out of the way and smooths out cash flow.

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Super Changes Effective 1 July 2023

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