Claiming a tax deduction
You can claim a tax deduction for super payments you make for employees in the financial year you make them.
Contributions are considered paid when the super fund receives them. Missed payments may attract the super guarantee charge (SGC), which is not tax-deductible. Contributions for employees aged 75 and over must be paid by the quarterly due date to be deductible.
You can use a late payment to reduce the charge or as pre-payment of a future super contribution (for the same employee). This pre-payment is tax-deductible in the normal way.
Example: Timing of payments affects claim year
Brett has five employees. He wanted to claim a tax deduction for the super contributions he made in relation to their 2012–13 income in his income tax return for the same year. To do this, Brett had to pay the year's super contributions to a complying super fund or retirement savings account by 30 June 2013.
However, Brett didn't pay the super contributions for the fourth quarter of 2012–13 until 5 July 2013, so he could not claim these fourth quarter contributions as a deduction until the next financial year (2013–14).
End of example
You can claim a tax deduction for super payments you make for employees in the financial year you make the payment. Contributions are considered paid when they are received by the super fund. Missed payments attract the super guarantee charge, which is not tax-deductible.