Super Guarantee to apply to more employees
Do you know that from 1 July 2022 onwards super guarantee will apply to employees earning less then $450 per calendar month, provided that they satisfy other eligibility requirements?
This applies to the following (not an exhaustive list):
– under 18 employees,
– full time, part time or casual staff,
– someone receiving a super pension or annuity while working (this includes employees on transition to retirement
– a temporary resident, such as a backpacker
– a company director
– a family member working in your business
The ATO has a free Super guarantee eligibility tool for you to work out whether super applies to your employee.
Most employers would be using a Single Touch Payroll enabled software to work out their payroll. They will need to ensure that they update their payroll software to comply with the new rules from 1 July 2022 onwards.
If you are unsure, or would like Aston to help ensure your payroll software is compliant to the new rules, please feel free to reach out to us.