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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 superannuation 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 Super Stream requirements
  • your super payments must go to a complying super fund – most employees can choose their own fund
  • if you don’t pay the SG on time, you may have to pay the super guarantee charge.

Link to find out more about paying your Super obligations to your employees: https://www.ato.gov.au/Business/Super-for-employers/

**Note You may not  be aware of the following possible Super payments for the following

Contractors: https://www.ato.gov.au/business/super-for-employers/working-out-if-you-have-to-pay-super/contractors/

Under 18 years of Age & Domestic Workers: https://www.ato.gov.au/Business/Super-for-employers/Working-out-if-you-have-to-pay-super/

Super Guarantee QuarterSuper Guarantee  Due Date
1 July – 30 September28 October
1 October – 31 December28 January
1 January – 31 March28 April
1 April – 30 June28 July

 

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