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End of Financial Year - Payroll Obligations

Remuneration Guidelines 

As many of you would be aware, the 1st of July is the effective date of the Pastoral Remuneration Guidelines change. You might remember that last year the increase was frozen, this year we have an increase of 2.15%. There have also been updates to the housing allowance and the rates of the visiting speakers. 
2021 - 2022 Remuneration Guidelines PDF
The above video will help you process the new Remuneration Guidelines in Xero. Don't forget you need to make changes to both Xero and your recurring/periodic payments - otherwise they won't get their new pay!

Superannuation Guarantee
Increasing to 10% from 1 July 2021

The compulsory Superannuation Guarantee Contributions (SGC) will increase from 9.5% (current rate) to 10.0% from 1 July 2021.

Each financial year, the superannuation guarantee rate will gradually be increasing to a rate of 12% by 2025. For more information, visit the following page: 

https://www.ato.gov.au/rates/key-superannuation-rates-and-thresholds/?anchor=Superguaranteepercentage

Click here for our previous email on how to check if your superannuation is set up correctly.

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