Have you paid your employees' super on time?
12 January 2023
Super guarantee (SG) contributions for the December quarter are due by 28 January.
Ensure you pay your employees the right amount on time. Your employee's super contribution is only considered 'paid' on the date it's received by the super fund, so payments must be received by the fund on or before the quarterly due date.
Don't forget the two changes to SG that commenced from 1 July 2022:
- the rate increased from 10% to 10.5%
- your employees no longer need to earn $450 per month to be eligible.
You now need to make super contributions for all your eligible employees, regardless of how much they were paid – their earnings amount is not relevant. However, employees who are under 18 still need to work more than 30 hours in a week to be eligible. Use the SG eligibility tool to work out if you have to pay super for your employees.
If you don’t pay the correct amount of SG in full and on time, you'll need to pay the super guarantee charge (SGC) and:
- lodge an SGC statement to us by 28 February even if you can't pay in full
- pay the SGC to us, or contact us to work out a payment arrangement.
If you don’t lodge an SGC statement, a penalty of up to 200% of the SGC may be applied.
Speak to your tax professional for further advice.
Quarterly SG payments are due by 28 January.