10 August 2022
As of 1 July 2022, the $450-per-month super guarantee (SG) eligibility threshold was removed. This means that if an employee meets the other SG eligibility requirements, you must pay them SG, regardless of how much they earn. However, employees under 18 must still work more than 30 hours in a week to be eligible.
It's important to make sure your payroll and accounting systems have been updated for salary and wages paid from 1 July 2022. This will ensure you correctly calculate your employee’s SG entitlement.
An employee’s eligibility for SG is determined when they are paid, not when they earn the income. This means if you pay an eligible employee on or after 1 July 2022, you need to pay their super regardless of how much they have earned - even if all or part of the relevant pay period is before 1 July.
The ATO’s Superannuation guarantee eligibility decision tool can help you determine if your employees, including any contractors treated as employees for super purposes, are eligible for super.
You can also check out the Super guarantee contributions calculator to help you work out how much super you need to pay.
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Eligibility has changed. Make sure you pay the right amount to your employees.
Share these tips with your employees to secure their future with super.