As an employer you usually need to pay at least 9.5% of an employee’s ordinary time earnings (OTE) as super at least once a quarter. This is known as the Super Guarantee (SG). Sometimes, industrial agreements and enterprise agreements specify higher SG rates.
Super should be paid by the quarterly due date to avoid a potential SG Charge (see below).
|SG quarter||SG 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|
The SG Charge
Super must be paid at least quarterly to avoid a potential SG Charge.
As an employer, you may be liable if an employee dies or becomes disabled and the unpaid SG affects their insurance cover.
The SG Charge may include:
- the shortfall amount (the contributions not paid or paid late)
- interest of 10% per annum
- an administration fee.
The SG Charge is based on the employee’s salary and wages, which may be greater than their OTE.
If you’re late with a payment or need help managing payments, please call us on 1800 241 877 between 8am and 8pm (AEST/AEDT) weekdays.
The following are exempt from SG requirements:
- employees who earn under $450 in a calendar month
- employees under 18 years who work under 30 hours a week
- some senior foreign executives (depending on their visa or entry permit)
- non-resident employees working abroad (with some exceptions)
- income in excess of $50,810 per quarter (or $203,240 annually).
- Keep on track with our free online solution