The Super Guarantee rate is about to increase
from 10% to 11% from 1 July 2023


You need to be aware of these changes as they will not only affect your current employee costs but also need to be considered when negotiating remuneration for new employees.

The Super Guarantee Percentage will increase from 10.5% to 11% for super accrued on payroll processed from 1 July 2023.

It will progressively increase by another 0.5% each 1 July following until it reaches 12% on 1 July 2025.

For more information see the ATO Small Business newsroom Article here.

Recent Beam News:

Surge in GST Audits Expected – How Confident Are You If The ATO Came Knocking?

Surge in GST Audits Expected - How Confident Are You If The ATO Came Knocking?  We all like to sleep well at night and avoid attracting the...

Global Bookkeeping Week 2023

Global Bookkeeping Week 2023Today closes out Global Bookkeeping Week for 2023. This week some of our team have shared their bookkeeping tips on...

Changes to Nominating your BAS Agent

Today marks the start of a new system at the ATO that may impact you at some time in the future. This change is designed to strengthen the security...

Xero Feature for Global Bookkeeping Week

Celebrating Global Bookkeeping Week   It’s Global Bookkeeping Week, an annual tradition that recognises bookkeepers from all corners of the...