When to pay
Timing is everything!
You can pay your Superannuation Guarantee (SG) payments weekly, fortnightly, monthly or quarterly.
Remember that, by law, SG contributions need to be paid at least quarterly.
|Superannuation Guarantee payment due dates|
|SG quarter||Due date for payment of SG|
|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 do you do if you miss the quarterly cut-off dates?
If your SG contributions aren’t received by the due date, the SG Charge will apply.
If you don’t make your SG contribution by the due date, you’ll need to lodge a Superannuation Guarantee Charge statement (ATO form NAT 9599) form, and pay an SG Charge to the ATO by the quarterly due date.
|SG Charge payment due dates|
|SG quarter||Due date for SG charge statement|
|1 July – 30 September||28 November|
|1 October – 31 December||28 February|
|1 January – 31 March||28 May|
|1 April – 30 June||28 August|
The SG Charge isn’t tax deductible so if you have to pay it, it’ll be at an additional cost to you.
If you pay SG contributions after the due date, you may be able to use those late contributions to offset the amount of the SG Charge. This late payment offset is subject to certain conditions and time limits.
If you have any questions about the SG Charge statement and the late payment offset, contact the Australian Tax Office on 13 10 20 or visit www.ato.gov.au.
If you’d like to find out more about when and how to pay your SG contributions, call our friendly Client Services team on 1300 65 18 65.