If you're an employer, paying your eligible employees' super is not optional. The super guarantee (SG) rate is 11.5% of your employees' ordinary time earnings. This is the minimum required by law.
We're highlighting some of the common mistakes we see to help you stay on top of your SG obligations.
Mismatched information
If a payment isn't going through to your employee's super fund, contact the employee and super fund to correct the details. Super funds will reject payments when the following details don't match:
- full name
- date of birth
- tax file number (TFN)
- super fund account information.
While the details are being updated to match and to avoid the super guarantee charge (SGC) for that quarter, you can make an on-time SG payment into your default super fund for your employee.
Not paying the minimum SG amount
If you don’t pay the minimum SG amount by the quarterly due date, you must lodge an SGC statement and pay the SGC to us.
If you're unsure on how much to pay, use our SG contributions calculator.
Not paying by the due date
You need to pay SG contributions quarterly. The next due date is 28 October.
If you use a clearing house, you need to allow enough time for the payment to reach your employee's super fund as contributions are only considered paid once they reach your employee's super fund.
Reminder: If you miss a due date, make a late payment or don't pay the full amount you must lodge an SGC statement and pay the SGC to us to avoid paying more in interest and penalties. Use our guide on completing the SGC statement to help you get back on track.
For more information, see our simple checks for super success.