The federal government is increasing the Super Guarantee percentage.
You must change your Payroll system to reflect this before the first pay of that Year.
For example, the first pay after 1 July 2021 will have the new rate of 10%.
To change this in Minder:-
For ‘Most’ companies, the 2 values will be the same.
However if you pay above the standard ATO rate, your ‘bonus rate’ will appear in the first column. It is the first column that is used for the calculation. The difference between the two entries is used to calculate the ‘Excess to SGC’ which is reported via STP.
Individual employees may have a different rate set as part of their employment agreement.
You should ensure that the percentage set for the individual is not less that these SG rate for that year.