Superannuation increases to 10.5%

Superannuation guarantee ( SG)  is set to increase from 10% to 10.5%. This will take effect from 1 July 2022. The SG rate is legislated to increase to 12% by 2025.

If the rate you pay your nanny includes SG, this will decrease the rate of your nanny’s gross pay.

If the rate you pay your nanny is exclusive of SG, you will see this increase at the end of the first quarter when the super is due.

The exemption for domestic staff working 30 hours and under remains in place.

Domestic Payroll highly recommends having a conversation with your employees about how these new changes will affect them.