If your small business has employees, or hires eligible contractors, you'll need to ensure your payroll and accounting systems are updated to reflect the new super guarantee (SG) rate of 11% for payments of salary and wages you make from 1 July.
You need to calculate super contributions at 11% for your eligible workers for payments of salary and wages you make from this date.
If you need help to work out how much super you need to pay for your employees and eligible contractors after 1 July, you can use our super guarantee contributions calculator.
Remember, a registered tax professional can help you with your tax and super obligations.
Visit the ATO website for more information.
