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  • Avoid the sting of a super high penalty

    If there has ever been a more important time to get your super obligations right for your employees – it is now. This means paying the right amount to the right fund at the right time.

    If you don’t pay enough super for your employees, or pay super late, you need to:

    • lodge a super guarantee charge statement with the ATO by 28 May 2021 to disclose to us any super you have missed or paid late
    • pay the super guarantee charge.

    Unlike paying super guarantee on time, the super guarantee charge is calculated on an employee's total salary and wages (including overtime and some allowances) and includes interest and an administration fee of $20 per employee, per quarter.

    You may be able to claim a late payment offset or carry forward contributions for any late payments you made to your employee's fund.

    How to avoid an additional penalty

    An additional penalty will apply to unpaid or late paid super where you don't lodge a super guarantee charge statement by the due date. Your penalties may be higher if you don't come forward voluntarily before an audit.

    The maximum penalty is up to 200% of the total super guarantee charge and can only be remitted under very limited circumstances.

    To avoid a penalty, you must lodge a super guarantee charge statement within a month of the super quarterly due date.

    If you're worried you will have difficulty paying the super guarantee charge, contact us so we can work with you to find a solution tailored to your situation.

    See also:

    Last modified: 30 Apr 2021QC 65481