Superannuation Rate Change
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
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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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Ballajura, WA
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