Reckon Payroll App - Super Guarantee rate

mscamp
mscamp Member Posts: 9

My app is still calculating the rate at 10% - my understanding is that the rate has increased to 10.5%. I have changed the rate to 10.5% in the super guarantee section

Answers

  • Rav
    Rav Administrator Posts: 13,085 Community Manager Community Manager

    Hi @mscamp

    Yes that's correct the Super Guarantee rate has increased to 10.5% for pay runs that fall in the current/new financial year ie. dated 1 July 2022 or after.

    Is the pay run you are creating in the Payroll App dated with a pay date in this financial year?

  • mscamp
    mscamp Member Posts: 9

    Thanks Rav-yes it is this financial year

  • Rav
    Rav Administrator Posts: 13,085 Community Manager Community Manager

    Hmmm that's interesting.

    Can you head over into Settings ➡ Superannuation items ➡ tap on the Super Guarantee item and just confirm whether its set to statutory rate at the default 10.5% there?


    I've added a screenshot to the left as an example from my account.













    Also, if the above setup of the item looks correct and you're still getting super calculated at 10% rather than 10.5% in your pay runs, can you shoot me a screenshot of what the pay run shows immediately after you enter your earnings with super showing at that 10% calculation.

    Another screenshot below as example however in my case it shows super at the correct 10.5% rate.


  • mscamp
    mscamp Member Posts: 9

    Thanks Rav-I have updated the default rate to 10.5%