Is Your Business Ready for the Changes to Superannuation Coming in July 2022?
There are several recent and upcoming changes to superannuation obligations that employers need to be aware of. While some of the changes may impact your payroll costs, GovReports will automatically take care of the changes in the background so you can carry on processing payroll.
Statutory Rate Rises to 10.5%
The super rate continues its planned increase to 12% in 2025, this year increasing to 10.5% from 1 July.
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