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MYOB AccountRight Payroll and Essential users, you may be aware that on 1 July 2021 the superannuation guarantee contribution rate increased from 9.5% to 10%. This is the minimum super amount you must pay all eligible employees from 1 July onwards.
If you are using MYOB Account Right Payroll, you will need to check the super guarantee rate and change it to 10% if necessary.
Go to Payroll>Payroll Categories>Superannuation
Click on SGC Superannuation and update the percentage.
If you are using MYOB Essentials you will need to manually update the rate from 9.5% to 10%.
Go to Payroll>Employees
Click on the employee's name
Click the Superannuation tab
Under Super Guarantee (bottom of the screen), make sure the Employer contribution is set to 10%
If you are processing a pay that includes dates in June and July, the applicable super guarantee rate is 10%, e.g. from 28/06/2021 to 04/07/2021.
If you have already processed a pay run with the old percentage of 9.5%, MYOB may adjust the super amount in the next pay run (depending on your settings and version)
A separate pay run can be processed after one month to adjust the amount of SGC superannuation calculated if necessary.
Please take notice of the superannuation amounts calculated in your pay runs to make sure that your file is processing this correctly.
If you have an error and need to make adjustments after filing a pay run through STP, an additional pay run can be entered.
If you are unsure of your setup or would like to check any of this with us, please do not hesitate to contact our office.
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