Superannuation Rate Change

Lynne_8946547
Lynne_8946547 Member Posts: 93 ✭✭
in Reckon Accounts (Desktop)

I would like to clarify something.

The superannuation rate is changing from 9.5% to 10% on the 1st July 2021.

It is my understanding that if I change the rate for the Super Item in the Payroll items list that this will only apply for any new employees started after I make that change. For all existing employees I have to go into each payroll record and manually change the rate to 10%.

Is this correct?


Thanks for any support/advice

Lynne

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,169 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    The 2021 R2 Patch update (being released in the next couple of weeks) includes a feature that changes this (from 9.5% > 10%) automatically in all pays processed from 1st July onwards so no manual adjusting/editing required now 😊 

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner(AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

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