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  • Paying super guarantee

    If you have eligible employees, you must pay super guarantee contributions for them.

    You will have to pay super guarantee for employees if you pay them $450 or more in salary or wages (before tax) in a calendar month. Super guarantee is in addition to their salary and wages.

    You will need to pay:

    • a minimum amount of the current super guarantee rate applied to their ordinary time earnings, but you can pay more
    • into a complying super fund. In most cases, your employees can choose which super fund they want or they may choose the fund you offer them
    • four times a year by the due date. If you don’t pay on time, you may have to pay the super guarantee charge which is made up of the super you owe, interest on those amounts (currently 10%), and an administration fee of $20 per employee, per quarter
    • the SuperStream way, where super payments and information move through the system electronically.

    You may be able to use the free Small Business Superannuation Clearing House to make super contributions for your employees. You provide the contribution information for all your employees and make a single electronic payment to the clearing house – the clearing house does the rest.

    If you miss the quarterly due date or underpay the super contributions, you need to lodge a super guarantee charge statement.

    You need to keep records that show:

    • the amount of super you paid for each employee
    • that you offered your employees a choice of super fund
    • how you calculated the super contributions.

    If you need help, phone the Superannuation infoline on 13 10 20.

    See also:

    Last modified: 30 Jun 2021QC 47739