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  • Paying super contributions

    Super guarantee (SG) payments must be made to complying funds or retirement savings accounts (RSAs) by the quarterly due dates, which are 28 days after the end of each quarter.

    Some super funds require employers to make contributions monthly. When you register with a fund with this requirement, you are agreeing to make monthly contributions to that fund.

    You need to pay and report super electronically to ensure it meets SuperStream requirements.

    Next steps:

    You can claim a tax deduction for super payments in the financial year you make them – if you meet the SG requirements.

    If you miss a payment, you may have to pay the SG charge and lodge a SG charge statement.

    You may be able to use the free Small Business Superannuation Clearing House to make super contributions for your employees.

    Note: On 24 May 2018, Minister for Revenue and Financial Services announcedExternal Link the commencement of a 12 month Superannuation Guarantee Amnesty (the Amnesty).

    The Amnesty is a one-off opportunity for employers to self-correct past super guarantee (SG) non-compliance without penalty.

    Subject to the passage of legislation, the Amnesty will be available from 24 May 2018 to 23 May 2019.

    See also:

    Last modified: 24 May 2018QC 44703