Forum Discussion

Experienced Cover User

2 years ago

Do I need to Manually adjust super Rates to 11% from 1st July 2023?

Hi help team,

Just need help with New rates for super guarentee from July.

with STP2, do I need to manually adjust super guarantee rates to 11% or MYBY Sysment with Automaticlly adjust from July in Payroll?

If I need to manually adjust, how to do this? I tried to look at :

Edit -Superannuation Guarantee, can't see anything on super rates.

thanks

Zoya

Earl_HD
MYOB Moderator
2 years ago
Hi Zoya adn NikkiParsons

Thank you so much for your post. you won’t need to manually update your super rate with each increase. MYOB will automatically adjust to the current legal requirement, ensuring you always meet your obligations.

This help article will give you more information about: Staying compliant with super guarantee rate increases

Regards,
Earl
- Zoya
  Experienced Cover User
  2 years ago
  Thank you so much
NikkiParsons
Valued Cover User
2 years ago
Hi Zoya. Reading this will help https://help.myob.com/wiki/display/myob/Staying+compliant+with+super+guarantee+rate+increases