Removal of Superannuation Guarantee threshold 2022/2023 Financial Year

Sunstate_Fruits
Sunstate_Fruits Member Posts: 20 Reckoner Reckoner

I have completed my payroll for 2021/2022 and therefore have installed Reckon Accounts 2022 tax update. I understand that in this update there is the increase of the Superannuation rate to 10.5% and the removal of $450 per month threshold of superannuation guarantee as of 1st July 2022.

I am just wanting to confirm that the the Tax Update has worked correctly, as I am seeing the "Monthly Threshold" check box is ticked, but it is also greyed out so I can't modify. I am just seeking confirmation it is all set up correctly in preparation for my first payroll run in 2022/2023 financial year.

Thank you



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