Manually Changing the Super Guarantee Rate in MYOB to 10% from 1.7.21

MYOB does not automatically update SGC to the new higher rate of 10% for any pay run after 1 July 2021 for existing MYOB users.

Each user will need to go into MYOB and amend the rate from 9.5% to 10%.

Any new users of MYOB after 1 July 2021 will have the new rate built into the software.

The following links are useful guides if you need assistance with this:

AccountRight - https://help.myob.com/wiki/display/ar/Changing+the+superannuation+guarantee+rate

Original MYOB Essentials - https://help.myob.com/wiki/display/ea/Changing+the+superannuation+guarantee+rate#expand-WhatifIneedtorecordapayinthepreviouspayrollyearafterupdatingmysuperrate

Newer MYOB Essentials - https://help.myob.com/wiki/display/myob/Changing+the+superannuation+guarantee+rate#expand-WhatifIneedtorecordapayinthepreviouspayrollyearafterupdatingmysuperrate

Note:

  • Xero and QBO do this update automatically and clients will not be required to do anything

  • Reckon will update in R2 release, so check the timing of this, or update manually

As always, if you need help or have any questions, please do not hesitate to get in touch with your Client Manager.




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