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.
Do you need to pay super?
Employers are generally required to pay super guarantee (SG) contributions for employees who:
- Are paid $450 or more (before tax) in a calendar month
- Are aged 18 years or over (or under 18 and work at least 30 hours per week)
- Are employed on a full-time, part-time or casual basis (including those who are working in Australia temporarily).
You can use this ATO tool to work out if an employee is eligible for SG contributions.
When is super due?
You’re required to pay super for eligible employees from the day they start their employment by quarterly due dates.
Quarterly Superannuation Guarantee (SG) due 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|
Employers who don’t make the minimum super guarantee 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.