Removing the $450 per month threshold for super guarantee eligibility

From 1 July 2022, employers will be required to make super guarantee contributions to their eligible employee’s super fund regardless of how much the employee is paid. Employees must still satisfy other super guarantee eligibility requirements.

The ATO will work with digital service providers to assist them in updating their payroll and accounting software to be ready for this change.

However, employers will need to check their payroll and accounting systems have been updated for super payments made after 1 July 2022 to ensure they correctly calculate their employee’s super guarantee entitlement

The ATO will also update their advice and guidance, including online tools and calculators on 1 July 2022 to account for this change. Check with your system provider that they are aware of the change.

To find out more

https://www.ato.gov.au/General/New-legislation/In-detail/Super/Removing-the-$450-permonth-threshold-for-superannuation-guarantee-eligibility/