The super guarantee rate is increasing
Liz Gibbs • July 13, 2023

The super guarantee rate is increasing

Businesses that have employees, or hire eligible contractors, will need to ensure that their payroll and accounting systems are updated to reflect the new super guarantee rate of 11% for payments of salary and wages that are made from 1 July 2023.


Businesses need to calculate super contributions at 11% for their eligible workers for payments of salary and wages they make from this date.


Super contributions for the quarter ending 30 June (due by 28 July 2023) are still calculated at the 10.5% rate for payments of salary and wages made prior to 1 July.


Please also note that many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. Should you have any further questions, please email us at RGA Business and Tax Accountants at reception@rgaaccounting.com.au . All rights reserved. Brought to you by RGA Business and Tax Accountants. Liability Limited by a scheme approved under Professional Standards Legislation. 

By Liz Gibbs September 18, 2026
Take ten minutes this Friday to visualise your business five years from now — then turn that vision into one small step you can take next week.
The New $1,000 Standard Deduction: Not Yet, But Coming
By Liz Gibbs September 17, 2026
The $1,000 standard deduction doesn't apply until your 2027 return. Keep receipts from 1 July 2026 so you know which option pays off more.
Payday Super & Contractors: Are You About to Get Caught Out?
By Liz Gibbs September 17, 2026
Payday Super changes when—not if—you must pay super for independent contractors. Learn the 7-day rule and check your contractor obligations before penalties hit.
More Posts