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...

Single Touch Payroll – update

Individual household employers, hiring through a Withholding PAYG Number (WPN) were due to start the compulsory Single Touch Payroll (STP) compliance as at July 1 2021. Thankfully this has just been extended for another 12 months, with the start date now July 1 2023....