Employer Information > Superannuation



As an employer, you should be aware that Superannuation Guarantee (SG) contributions for eligible employees must be paid at least four times a year (you can choose to make contributions more frequently if that suits your business).
Below is a summary of your main obligations, however, detailed information regarding your SG obligations can be found on the ATO’s website.


Eligible employees
You are required to pay SG for your permanent and casual employees, where they are:
> At least 18 years old, or under 18 and working at least 30 hours per week; and
> Earning at least $450 per month (before tax).

Amount to pay
As at 1 July 2014, you must pay at least 9.5% of your employees’ ‘ordinary time earnings’ to super each quarter.
‘Ordinary time earnings’ is the amount your employees earn for their ordinary hours of work, including loadings, allowances, bonuses and commissions, but excluding overtime.

When to pay
You must pay SG amounts at least each quarter, but if it suits your business you can choose to pay more frequently. You have 28 days after the end of each quarter for your contribution to be paid and received by the super fund.
The following table is a reminder of the key periods and cut-off dates:

SG Quarter
Date payment due*
1 July – 30 September
28 October
1 October – 31 December
28 January
1 January – 31 March
28 April
1 April – 30 June
28 July
 
* Where the cut-off date falls on a non-business day, the next business day is used instead.

You should also be aware that if you don’t pay your SG contributions by the deadline, you may have to pay an SG charge to the ATO, which is not tax deductible.


What happens if you don’t pay?
If you do not meet your SG requirements, for example, your contribution was received after the cut-off date, you will be subject to penalties enforced by the ATO, including:
> You must lodge a Superannuation guarantee charge statement with the ATO
> You must pay a SG charge to the ATO, including 10% penalty interest and an administration fee, and
> You will not be able to claim a tax deduction for the contribution or the SG charge

Other penalties apply for not meeting your super obligations – you should refer to the ATO website for full details.


 
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