You need to pay super for all eligible employees at least once every financial quarter, by the 28th day of the month following the end of the quarter. This is the last day that you can pay a super contribution to an employee’s super fund before you are liable for the super guarantee charge. If you do not pay at least the minimum amount of super to the correct super fund, you’ll need to lodge a Superannuation guarantee charge statement – quarterly.
The super guarantee late payment offset allows you to offset late super contributions against the super guarantee charge for a period.
For further advice phone, Taxwise on 9248 8124.
About the Author
Warren Kruger is an Australian Tax Specialist and Advisor.
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Warren Kruger is an Australian Tax Specialist and Advisor. For a FREE Report “7 Essential Strategies to Reduce Your Taxation NOW!”,enter your name and email address in the Opt In Box located on the top right hand side of this article.
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