These are:
What this means for you
These changes mean that from 1 July 2022:
We're working with digital service providers (DSPs) to make sure payroll software is updated in time. If you use a tax agent, they'll also be aware of these changes and able to assist you.
Our updated online tools and calculators will be available to help you from 1 July 2022.
What you need to do
Check that your software is updated to correctly calculate your employees' SG entitlement from 1 July 2022.
If the removal of the $450 threshold means you'll be paying SG for one or more employees for the first time, you'll need to give them a Standard Choice Form.
If your employee does not provide you with a choice of super fund, review the Stapled Super Fund information on our website for guidance on what you need to do next. A stapled super fund is an existing super account linked to an individual employee.
For more information about any of our services or to speak to one of our qualified experts, please fill out the form and we'll get back to you as soon as we can.
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Mulcahy & Co acknowledges all Aboriginal and Torres Strait Islander Traditional Custodians of Country and recognises their continuing connection to land, sea, culture and community. We pay our respects to Elders past and present.
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Mulcahy & Co Financial Services Pty Ltd is a credit representative (397076) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)