Superannuation Guarantee rate moves to 10.5% for FY2023
Perrier Ryan • May 11, 2022
Please make sure you allow for the increased rate for the Superannuation Guarantee in your planning for 2023.
From 1 July 2022, the SG percentage moves from 10% to 10.5%.
This move is part of the graduated increase over the next several years , to 12% for the 2026 financial year.
Most of the software providers will allow for the increase in their payroll systems, but it's worth checking to ensure that the right amount is paid from 1/7/2022.
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