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. 

The $20,000 Instant Asset Write-Off Is Here to Stay

The $20,000 Instant Asset Write-Off Is Here to Stay

By Liz Gibbs • October 5, 2026
The $20,000 instant asset write-off is now permanent from 1 July 2026. Find out how your small business could benefit when buying new equipment or assets.
The Two-Solution Rule: How One Question Can Free You From Constant Interruptions

The Two-Solution Rule: How One Question Can Free You From Constant Interruptions

By Liz Gibbs • October 2, 2026
If your team relies on you for every decision, try the two-solution rule. A practical leadership habit that builds independence and frees up your time.
ATO busts common myths under the cents per kilometre method

Cents Per Kilometre Method: 5 Car Expense Myths the ATO Wants You to Stop Believing

By Liz Gibbs • October 1, 2026
Claiming car expenses with the cents per kilometre method? Avoid the 5 common mistakes the ATO has flagged and make sure your deduction holds up to scrutiny.
More Posts