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  • How to avoid a super blooper

    10 May 2021

    Paying super is an important part of being an employer. We know that most employers do their best, but things don’t always go to plan.

    Take 'Parker' for example, he owns and runs a pet store which employs five people. He does his best to pay his employees' super on time. However, in April he nearly makes a super blooper!

    • He misses the quarterly due date of 28 April and makes super contributions on 30 April.
    • Parker finds out that because he paid super after the due date, he needs to pay a super guarantee charge.
    • Parker knows that although he won't be able to pay the super guarantee charge in full, he still needs to lodge a super guarantee charge statement before 28 May.
    • By lodging the statement within one month of the quarterly super guarantee due date, he has avoided paying a significant penalty. This penalty can be up to 200% of the total super guarantee charge.
    • Parker claims a late payment offset for all late payments he made to his employees' super funds, reducing the amount of super guarantee charge he needs to pay.

    If you're worried about paying super, contact us to find a solution.

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