Contribution and payment requirements

Contribution and payment requirements

What you need to know about super payments

Super is no place to cut corners. We have the information you need to ensure you’re meeting your Superannuation Guarantee (SG) and payment requirements.

Who to pay super for

You’re generally required to pay super for employees who are:

  • Earning over $450 (before tax) in any calendar month
  • Employed on a full-time, part-time or casual basis (even if they’re only working in Australia temporarily)
  • 18 and over, or
  • Under 18 but working more than 30 hours per week.

You can use this ATO tool to work out if your employee is eligible for SG contributions.

 

How much you need to pay

You must pay a minimum of 9.5% of your employees’ ordinary time earnings.

Ordinary time earnings (OTE) usually refer to how much you pay employees for their ‘ordinary’ hours of work. It includes things like commissions, shift-loadings and allowances, but not overtime payments.

In some circumstances, you may need to pay a different amount. Find out more in our Employer Guide.

 

When you need to pay

You must pay Super Guarantee (SG) contributions for eligible employees at least four times a year, by the dates below.

Financial year quarters Payment period Australian Tax Office (ATO) legislative due date
Quarter 1 1 July to 30 September 28 October
Quarter 2 1 October to 31 December 28 January
Quarter 3 1 January to 31 March 28 April
Quarter 4 1 April to 30 June 28 July

Here are some important things to remember:

  • Payment deadlines refer to when your contributions are received by your super fund – not made by you – so check how long your payments take to process
  • Super payments received on time can be claimed as a tax deduction
  • There is a penalty for late payments, called the superannuation guarantee charge (SGC)
  • Any non-concessional (after-tax) contributions you make on behalf of your employees must be received by us within 28 days of the end of the month to which they apply.

 

How to stay SuperStream compliant

Under the government’s Super Stream legislation, you can only send data and make payments electronically, using approved options. You can’t pay by cheque or send contributions breakdowns by post or email.

Avoid trouble with the ATO by making super contributions through compliant online channels, such as our simplified clearing house solution, QuickSuper.*

If you’re unsure call us on 1300 360 149 or get in touch with your client partnership manager.

Putting the right super info on payslips

Your employee payslips must include:

  • The amount of contributions made during the pay period (or the amount of contributions that are due to be made)
  • The name of the super fund that the contributions were paid into.

*QuickSuper clearing house is a product owned and operated by Westpac Banking Corporation ABN 33 007 457 141 ("Westpac"), Westpac terms and conditions apply to the QuickSuper service which you will be asked to accept. A Product Disclosure Statement (PDS) is available from Westpac upon request.