As the end of the financial year (EOFY) approaches we wanted to let you know that Ayers will be making a one off Superannuation payment to your nominated fund in June 2022 for all contributions from your April & May 2022 payslips. The reason we do this is to maximize your annual thresholds for this financial year. From June 2022 all payments to your nominated Superannuation fund will revert back to quarterly as usual. We also wanted to share the below reminder regarding Superannuation; This is a reminder that the compulsory Superannuation Guarantee rate increases from 10% to 10.5% as of 1st July 2022. What this means to you; As all contracts state your rate is ‘Inclusive of Superannuation’ we will deduct the 0.5% from your net pay and forward the same amount onto your Superannuation fund of choice instead. (Unless your client has agreed otherwise) Please note the attached table which highlights all planned Superannuation changes each year until 2025 – this is something to bear in mind for the future. Period General Super Guarantee % 1 July 2021 – 30 June 2022 10.00 1 July 2022 – 30 June 2023 10.50 1 July 2023 – 30 June 2024 11.00 1 July 2024 – 30 June 2025 11.50 1 July 2025 – 30 June 2026 12.00 If you have any questions, please feel free to contact the friendly team as always.