End of Financial Year Payroll Essentials for Nanny Employers | Pay The Nanny [ ![Pay the nanny logo](https://assets.paythenanny.nz/images/logo-white.png) ](/) [Parents](https://paythenanny.com.au/For-Families) [Nannies](https://paythenanny.com.au/For-Nannies) [Agencies](https://paythenanny.com.au/for-agencies) [Pricing](https://paythenanny.com.au/pricing) [Contact](https://paythenanny.com.au/contact) [Sign Up](https://paythenanny.com.au/signup) [Log In](https://paythenanny.com.au/app/login) Article ------- End of Financial Year Payroll Essentials for Nanny Employers ============================================================ By Mark Hudson · 17 July, 2025 As the new financial year kicks off, now is the perfect time for Australian families with a nanny to ensure payroll, tax, superannuation, and workers compensation remain compliant. Here are the key end-of-year updates every employer of a nanny should know. ![End of Financial Year Payroll Essentials for Nanny Employers](https://assets.caresies.io/articles/164/conversions/B3kZ298jSOsvARMwWXxB-webp-featured.webp) With the end of the financial year wrapped up, it’s time for Australian families employing a nanny to check that payroll, superannuation, and insurance obligations are all up to date. Compliance requirements for household employers can easily be overlooked, so here are the key areas to review as we move into the 2025–26 financial year. End-of-Year Tax Reporting for Your Nanny ---------------------------------------- If you pay your nanny through a registered payroll provider like Pay The Nanny, there is nothing further you need to do when it comes to end-of-year tax reporting. Your nanny’s total earnings for the 2024–25 financial year will have been lodged with the Australian Taxation Office (ATO) through **Single Touch Payroll (STP)**. This reporting ensures your nanny’s income statement is available via their **myGov account**. Your nanny will need this statement when preparing their personal tax return. If you or your nanny need a copy of the income statement or a summary of wages and superannuation contributions, your payroll provider can assist. At Pay The Nanny, we offer tailored reports on request to help families stay organised at tax time. For more on STP reporting, see the ATO’s guide here: [ATO - Single Touch Payroll](https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/single-touch-payroll) Superannuation Guarantee Increase to 12% ---------------------------------------- As of **1 July 2025**, the Superannuation Guarantee (SG) rate officially increased to **12%**, as part of the legislated gradual increases by the government. If you pay superannuation on top of your nanny’s hourly rate, this new rate will now apply. No further rate increases are currently scheduled, so 12% is set to remain the standard. If you’re unsure whether your nanny's pay arrangements include superannuation, or how this increase might impact your household budget, it’s a good idea to review your payroll setup. Pay The Nanny clients can contact us anytime to confirm their current arrangements or make adjustments. More on SG for Domestic Employees can be found here: [ATO - Super Guarantee Rate](https://www.ato.gov.au/businesses-and-organisations/super-for-employers/work-out-if-you-have-to-pay-super#ato-Domesticorprivateworkers) Minimum Pay Rate Changes Under the Miscellaneous Award ------------------------------------------------------ If your nanny is employed under the Miscellaneous Award 2020, be aware that the minimum pay rates increased from 1 July 2025 following the Fair Work Commission’s annual wage review. These changes ensure that wages keep pace with living costs, but the onus remains on you as the employer to ensure your nanny is paid at or above the minimum threshold. Not all nannies are necessarily covered by the Miscellaneous Award, but it’s commonly applied where a nanny performs set hours and regular duties. If you’re unsure whether this award applies to your nanny, or if you need guidance on the correct rates, we’re happy to assist. You can access the updated pay rates on the **Fair Work Ombudsman website**: [Fair Work - Miscellaneous Award Pay Guide](https://www.ato.gov.au/businesses-and-organisations/super-for-employers/work-out-if-you-have-to-pay-super#ato-Domesticorprivateworkers) Workers Compensation Insurance: Renewal Reminders ------------------------------------------------- Workers compensation insurance is a legal requirement in most Australian states and territories if you employ a nanny in your home. This protects you as an employer in the event of a work-related injury or illness. In **Victoria**, for example, many policy renewals fall due in the months following the financial year-end. If you hold workers compensation coverage, your insurer may contact you to confirm your nanny's actual earnings for the 2024–25 financial year, and to estimate earnings for the year ahead. If you process your payroll through Pay The Nanny, we’ll be in touch where relevant to confirm earnings data required for your policy. If you manage your own workers compensation, now is a good time to ensure your policy details and declarations are up to date. For more information on workers compensation in your state, visit: [Safe Work Australia - Workers Compensation](https://www.safeworkaustralia.gov.au/workers-compensation) Need Help with Your Nanny Payroll? ---------------------------------- At [Pay The Nanny](https://paythenanny.com.au/), we help families across Australia stay compliant with payroll, tax, superannuation, and insurance obligations. If you have any questions about EOFY requirements, need help reviewing your current nanny arrangements, or would like a tax summary or pay rate review, get in touch. **Contact us at:**📧 **payroll@paythenanny.com.au** We’re here to help you make nanny employment easier and stress-free. [ ![](https://assets.caresies.io/articles/143/conversions/1SEoZbbhaqpwe5zhtyYp-webp-featured.webp) ](https://paythenanny.com.au/articles/guide-to-the-modern-award-system-for-nannies-in-australia)By Mark Hudson · 19 September, 2024 ### [Guide to the Modern Award System for Nannies in Australia ](https://paythenanny.com.au/articles/guide-to-the-modern-award-system-for-nannies-in-australia) Navigating the Modern Award system can be tricky for parents employing a nanny. In this guide, we'll break down the essentials of the Miscellaneous Award, helping you stay compliant with pay, entitlements, and leave. 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[Read more...](https://paythenanny.com.au/articles/money-saving-tips-to-hire-a-nanny) [ ![](https://assets.caresies.io/articles/70/conversions/NKpepHAYCxh1ZtGYVIHL-webp-featured.webp) ](https://paythenanny.com.au/articles/everything-you-need-to-know-about-covid-19-vaccines-for-nannies)By Mark Hudson · 13 October, 2021 ### [Everything You Need to Know About Covid-19 Vaccines for Nannies](https://paythenanny.com.au/articles/everything-you-need-to-know-about-covid-19-vaccines-for-nannies) Not sure where things stand with COVID-19 vaccinations and hiring a nanny? We break down the rules across Australia and New Zealand—from vaccine requirements to what you can legally ask. Stay informed and protect your family with our up-to-date guide for nanny employers. 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