contributions you make as an employer are an essential part of your employee’s
retirement savings and long-term financial security, and especially important
in these uncertain and challenging times.
works alongside businesses to support the timely payment of super in a number
of ways. A free super clearing house, administration support and regular updates
on legislative changes are some of them.
keep track of super payments and get in touch when things appear to be running
late with the aim of supporting you to meet your legal obligations under Super
Guarantee (SG) legislation.
part of our commitment to helping members achieve their best possible
retirement and creating a level playing field for employers.
are required to pay super for eligible employees from the day they start
employment with your business. Payment must be made by the quarterly due dates
displayed in the table below.
SG tax deductibility deadline
1 July - 30 September
1 October - 31 December
1 January - 31 March
1 April - 30 June
My employee circumstances have changed
in staff or employees who work on a seasonal basis can change your super
payments from time to time. Simply let us know by contacting us or submitting a
form to keep us informed. The table below covers
all the circumstances and includes common situations where an employee has left
or has changed work hours that make them ineligible for super over a particular
due but I’ve fallen behind
could be that you’ve met your SG obligations in part or for some employees but
not all. In these circumstances, we can work with you to get payments back on
track. If this won’t be possible within
the timeframe, the ATO has advised business to pay as much super as possible by
the due date, as this will reduce the super guarantee charge. You won’t
pay a penalty if you lodge a SG Charge Statement with the ATO and pay the
charge within one month.
has no authority to extend or change the legislated due date for super
guarantee payments as your obligation is to the ATO.
If you don’t meet the SG contribution deadline for super owed to eligible employees, you may have to pay the Australian Taxation Office’s Super Guarantee Charge, which is made up of: The SG shortfall amounts, interest on the outstanding amount, and an administration fee. Further penalties apply if you don’t lodge the SG statement and pay the SG charge by the due date. Late payment also means you’re not able to claim the payments as a tax deduction.
Frequently Asked Questions
What is the super guarantee rate for the 2020/21 financial year?
The super guarantee is currently
set at 9.5%.
What is the minimum amount an employee needs to earn before I am required to make SG payments?
Generally, if you pay an employee
$450 or more before tax in a calendar month, you have to pay super on
top of their wages.
Do I make my Super Guarantee (SG) payments as usual during COVID-19?
there are no changes to the SG payment obligations of businesses.
You won’t have to make additional
SG contributions for employees whose income is higher under JobKeeper.
Government regulations state that salary or wages paid under JobKeeper that
don’t relate to performance of work are excluded for SG purposes from 20 March
My business won’t be able to make the entire payment. What can I do?
has advised business to pay as much super as possible by the due date, as this
will reduce the super guarantee charge. You won’t pay a penalty if you
lodge a SG Charge Statement with the ATO and pay the charge within one month.
Can a business claim a tax deduction for SG payments made?
can claim a tax deduction for SG payments made on behalf of employees in the
financial year they were made.
missed payments may attract the super guarantee charge (SGC), which is not
What should I do if I am unable to meet my SG obligations?
are experiencing difficulties meeting your super obligations, please contact
the ATO directly on 13 10 20. We have no authority to
extend or change the legislated due date for SG payments as your SG obligation
is to the ATO.
What should I do if I had no AustralianSuper members employed during the quarter?