- July 2, 2021
- Posted by: admin
- Category: Uncategorized
@National minimum wage has increased to $20.33 per hour or $772.60 per week (up from $19.84 and $753.80).
@On 1 July 2021, the super guarantee rate has increased from 9.5% to 10%. If you have employees, you will need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate.
@From 1 July 2021, Self managed super funds(SMSF) will be permitted to have up to 6 members. This change allows more flexibility in the joint management of retirement savings including for larger families.