Super responsibilities for employers

Paying super is an important part of your responsibilities as an employer with your contributions forming an essential part of your employee’s retirement savings. And AustralianSuper is here to help.

Employer super contributions – what you need to know

Do you need to pay super?

As an employer, you're legally required to pay a minimum level of super which is known as the Super Guarantee (SG) of 10.5% of your employee's before-tax wage, if they are 18 years or older from 1 July 2022.

If your employee is under 18, they must also have worked at least 30 hours in a week in that calendar month to be eligible for super, regardless of how much you pay them.

Reportable superannuation contributions

Employers who make extra super contributions for their employees must report these through Single Touch Payroll (STP) or on the employee's annual payment summary.

This applies when an employee asks you to deduct money from their pre-tax income, and pay it into their super fund as salary sacrifice.

Learn more about reporting requirements

How much super to pay

Your super payments – called Super Guarantee contributions - must be paid into a complying super fund at the rate of 10.5% of your employee’s ordinary time earnings. These are before-tax earnings based on an employee's ordinary hours of work, and generally exclude overtime. The SG rate will rise incrementally until 1 July 2025 where it will be 12%.

These increases aim to reduce financial pressure on the Age Pension, off-set Australia’s  ageing population and improve financial outcomes at retirement.

Calculate how much super you have to pay

 

When is super due?

You’re required to pay super for eligible employees from the day they start their employment by the quarterly super due dates.

You can choose to make payments more frequently - fortnightly or monthly for example. If you do, you’ll need to ensure you pay your total super guarantee (SG) contribution for the quarter by the due date.

Super due dates

You’ll find the quarterly payment due dates in the table below. When a super due date falls on a weekend or public holiday, you can make the payment on the next business day.

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

 What happens if you miss a super payment?

Employers who don’t make the minimum SG contributions required on behalf of eligible employees risk having to pay the Super Guarantee Charge (SGC), a charge imposed under the Superannuation Guarantee (Administration) Act 1992. The charge is made up of the super guarantee that’s owed, interest on the outstanding amount and an administration fee. Paying super on time also means you can claim the payments as a tax deduction. and avoid late penalties.

Learn more

Five steps to managing super payments

1. Choose a default super fund  

All employers need to have a default super fund. It’s where you pay your employees’ super if they don’t have a stapled fund or make a choice of their own.

Before you join, run a comparison to find the best fund for your business.

Compare funds

HOW TO CHOOSE AUSTRALIANSUPER

 

2. Use an electronic payment system to pay super   

Under the Government’s SuperStream standards, businesses need to make super contributions electronically and in a standard format. 

AustralianSuper employers have access to QuickSuper*, a free clearing house that offers participating employers a secure online payment solution.

Sign up to QuickSuper

 

3. No employee super payments to report

If you have no employee super contributions to pay for a specific payment period, please let us know by completing the nil advice form.

Learn more about onboarding new starters

4. Give your employees a choice of super fund

Employers are required to offer eligible employees their choice of super fund. Simply download and provide them with a Standard Choice form, prefilled with the details of your default super fund, within 28 days of their start date. If the employee doesn’t choose their own super fund, or give you the information you need, you must pay their super contributions into their stapled fund. If they don’t have a stapled fund, you pay their super into your business’s default fund.

5. Provide Tax File Numbers (TFNs) for your employees

Once your employee gives you their tax file number (TFN), you must pass it on to AustralianSuper. You have to do this within 14 days of the employee giving you the form, or when you make the first SG contribution on their behalf. You may be fined $2,100 if you’re late providing an employee’s TFN.

Learn more

Frequently asked questions

Employer News


*QuickSuper is a registered trademark and a product owned and operated by Westpac Banking Corporation ABN 33 007 457 141. Westpac’s terms and conditions applicable to the QuickSuper service are available after your eligibility for the free clearing house service is assessed by AustralianSuper. A Product Disclosure Statement (PDS) is available from Westpac upon request. AustralianSuper doesn’t accept liability for any loss or damage caused by use of the QuickSuper service and doesn’t receive any commissions from Westpac if employers use this service. You can choose to make your contributions using a different service, but it needs to meet the government’s minimum data standards as legislated in Stronger Super reforms. To learn more about Stronger Super visit australiansuper.com/StrongerSuper or visit ato.gov.au
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