From 1 July 2022, you will need to pay super to your employees who earn less than $450 per month, provided they meet other eligibility requirements.
This change expands super guarantee eligibility so that employees can receive super regardless of how much they earn.
As we move closer to 1 July 2022, check your payroll and accounting systems have been updated so you can correctly calculate your employees' super guarantee payments. If needed, we are able to assist with further support for managing your employee entitlements.
No matter what point you're at in the hiring journey, we can support you when you:
withhold your employee's tax
pay their super guarantee contributions
manage their fringe benefits
For more resources to help with managing your super obligations, follow these links:
Check if you have to pay super for your employees, including contractors and workers under 18.
What you need to do to set up your business to pay super into eligible employees' chosen funds or their stapled super fund where no choice has been made.
How to pay super, the amount to pay and due dates for payment.
What to do if you're late or miss a payment, and how to lodge and pay the super guarantee charge.
Use this checklist to ensure you're meeting your super obligations.
We'll continue to provide further advice and guidance on this change, including updating our resources on 1 July 2022. If you have any questions in relation to these updated super changes, please contact KPI Business Advisory.