In July 2023, the superannuation guarantee statutory rate will rise to 11%. Annually, the rate is increasing by 0.5% until July 2025 when it will reach the legislated 12%.
If you’d like help reviewing payroll costs and employee agreements, talk to us now, and we’ll make sure you have accurate reports to make planning for the rate rise easy.
Getting organised now means that you’ll be well prepared for your business’s increased costs when the first payment is due later this year.
t: +61 7 3177 4120
Our clients are located across Cairns, throughout Australia and specialising in the remote regions of the Cape, Northern Peninsula, Torres Strait and International clients.
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Contact us today for a 1-on-1 consultation.
© HKS Russell 2023