Paying super is an important part of being an employer. We know you do your best to keep up with paying your employees super, but things don’t always go to plan.
If you missed, or didn’t pay the full amount of your employees’ super guarantee (SG) for the quarter ended 31 December 2021, you’ll need to:
- lodge a Super guarantee charge statement to us by 28 February 2022
- pay the SG charge to the ATO.
By law, the ATO is unable to extend the due date to pay SG.
The way you calculate the SG charge is also different from how much SG you pay to your employees’ funds. The SG charge is calculated on an employee’s total salary and wages (including overtime and some allowances) and includes interest and an administration fee of $20 per employee, per quarter.
Even if you can’t pay the full amount, you should still lodge an SG charge statement by the due date to avoid a late lodgment penalty. The ATO can work with you to find a solution tailored to your situation.
If you have any questions, feel free to ask them in the comment section. We will be happy to answer all your queries.
Disclaimer : All the content (including Blogs, newsletters, Fact sheets, calculators etc.) provided on this website is general information only and is neither intended to nor be considered personal financial or taxation advice. The content has been prepared without taking into account your personal circumstances, financial situation or objectives. In making any financial, investment or taxation decision, information provided on this website should not be relied upon and you should seek personal advice. AVS Business Services Pty Ltd disclaims any responsibility for any decision that you make, based on the information provided on this website.All the information provided on this website is prepared in good faith and based on AVS’s knowledge and understanding of superannuation, taxation and other relevant laws and is believed to be correct at the time of writing the information. However as the laws, being dynamic by nature, keeps on changing, you should not rely on the information provided on this website without first obtaining advice from qualified professional.