Posted on: Friday June 28th, 2013

Author: Kilimanjaro Consulting

From 1 July 2013, the Superannuation Guarantee rate rises from 9% to 9.25%. To make life easier, MYOB EXO Payroll has been updated to automatically make this change. When opening a pay in the 2013–2014 financial year, users will be asked if they want to update the SG rate. This will update all Super Guarantee calculations from 9% to 9.25%, alleviating any manual entry.

This change is the first step in a gradual increase to a rate of 12%—rates will be changing each financial year as follows:

Period Super Guarantee Rate
1 Jul 2012 – 30 June 2013 9%
1 Jul 2013 – 30 June 2014 9.25%
1 Jul 2014 – 30 June 2015 9.5%
1 Jul 2015 – 30 June 2016 10%
1 Jul 2016 – 30 June 2017 10.5%
1 Jul 2017 – 30 June 2018 11%
1 Jul 2018 – 30 June 2019 11.5%
1 Jul 2019 – 30 June 2020 12%

As always, if you have any questions, please call our support team on 1300 857 464.