business

Superannuation & due dates in Australia

Superannuation  for employers   Superannuation is money you pay for your workers to provide for their retirement. Generally, if you pay an employee $450 or more before tax in a calendar month, you have to pay superannation on top of their wages. The minimum you must pay is called the super guarantee (SG): the SG is currently 9.5% of an employee’s ordinary time earnings you must pay the SG at least four times a year, by the quarterly due dates you must pay and report super electronically in a standard format, ensuring you meet SuperStream requirements your super payments must go to a complying super fund – most employees can… Read More

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