Super basics for employers

If your business employs staff, you are required to pay superannuation on their behalf to the superannuation fund of their choice.

Who’s eligible?

• employees who are aged between 18-69 (inclusive) and who earn $450 (before tax) or more in a month
• employees aged under 18 who work 30 hours or more

How much to pay and when?

You need to pay a minimum of 9% of your employees' ordinary time earnings into their dedicated super fund account.

You must make the payments at least four times a year, 28 days after the end of each quarter. It is important to pay your employees' super on time so you can claim that amount as a tax deduction - late payments are not eligible.

Quarter	Due date
1 July – 30 September	28 October
1 October – 31 December	28 January
1 January – 31 March	28 April
1 April – 30 June	28 July

 

What if you haven’t paid your employee’s super by the due date?

You will have to lodge a Superannuation Guarantee Charge Statement to the ATO to pay for the super amount you owe, plus interest, plus an administration fee.

There are penalties that apply for failure to pay employees’ super.