Newsletter || Jul25

That's a wrap for the 2025 financial year! Read on for important updates on compliance changes and note the key dates to help manage a smooth month ahead for end of financial year reporting.

Super Guarantee Changes

Starting 1 July, there's an important change - the superannuation guarantee rate increases to 12%. This adjustment aims to enhance the retirement savings of all Australians.
Key Points
  • Rate increased from 11.5% to 12%
  • Super is calculated on gross wages
  • Payroll systems will automatically update
  • You may need to consider this in your budget

End of financial year

Mark your calendars for the following key dates to ensure you know what is due when!
  • 30 June
    Last day of the 2025 financial year
    It's important to remember that even though your pay period may end in June, it's the payment date that is used for reporting
    Example - Pay period is 16 to 29 June, paid on 3 July. This will be your first payroll for the new financial year and if you pay super, this will be at the new super guarantee rate.
    white page detailing the month of June and dates in black text
  • 14 July
    Payment Summaries or Income Statements due
    These need to be provided to your employees by 14 July Terminology Note If your pay runs are reported via STP you will be providing your employee with an Income Statement If you are not reporting via STP, you will be providing your employees with a Payment Summary
  • 21 July
    Monthly Activity Statements due
    If you are on a monthly reporting cycle, your June Activity Statement will need to be lodged and paid by 21 July
  • 28 July
    Quarterly Superannuation payments due
    For those who pay their employees the super guarantee, payment should reach your employee's super fund by 28 July.
  • 25 August
    Quarterly Activity Statements due
    If you are on a quarterly reporting cycle, your June Activity Statement will need to be lodged and paid by 25 August

STP Reporting

If you are reporting to the ATO via Single Touch Payroll for your employee wages, from 1 July there will be a bit more paperwork for you to sign each year. We will need you to sign off on your end of financial year STP lodgement and also provide us with an authority to lodge each pay run on your behalf for the new financial year.
Key Points
  • Authority required to submit STP for payroll (annual authority)
  • EOFY sign off and declaration to submit Income Statements

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Visit VeloChair

HR News

HR Partner
Changes are difficult to keep up with! If you have any HR related questions or issues, reach out to our HR Partner Strategic HR
visit the website here
  • Elisia Coetzee
  • Director & Principal HR Consultant
  • 0437 113 593
Thanks for reading! If you have any questions, feel free to reach out.
Paycykl is a Perth based payroll processing, admin support and consulting service. We work with NDIS participants and their families to reduce their admin load. We are BAS Agents registered with the Tax Practitioners Board.
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