- Superannuation Guarantee (SG) contributions
- When should I make a contribution?
- What happens if I fail to pay SG by the due date?
- Contribution caps
- Employees on leave
- Providing employee Tax File Numbers (TFNs)
- Keep us up to date
- They are under the age of 70
- They earn more than $450 before tax in any calendar month
- If under 18, they work more than 30 hours in a week and earn more than $450 before tax in any calendar month.
You may have additional obligations under an award or workplace agreement or you may make additional contributions on behalf of an employee if you choose to.
- Monthly. We recommend that you pay all your contributions for your employees on a monthly basis because any voluntary (after-tax) member contributions must be forwarded to Club Plus Super by the 28th day of the month following the month in which the contribution was deducted.
- Quarterly. Under Superannuation Guarantee legislation, employers must pay employer contributions for employees at least quarterly. The quarterly due dates for Superannuation Guarantee payments are below:
Click on the dates below to add them to your calendar
|Quarter||Cut-off dates for employer contributions|
|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 happens if I fail to pay SG by the due date?
There are some pretty serious consequences if you do not pay your contributions to Club Plus Superannuation by the due date. The Australian Tax Office may apply a penalty called the SG charge which may include the SG shortfall, interest and an administration fee.
You will generally be able to offset super guarantee contributions paid late to a super fund against the SG charge you owe to the ATO for not meeting your super obligations. Be aware however that you will not be able to claim a tax deduction for the late payments, administration fee or the interest paid. To find out more download the Employer Guide Booklet.
Concessional contributions (including employer and salary sacrifice contributions) are taxed at a rate of 15%. The concessional contribution cap for members under age 50 is currently $25,000 per income year.
For those aged 50 and over, there is a transitional $50,000 cap until 30 June 2012.
- Paid sick leave
- Other paid leave (eg compassionate leave, jury service etc)
- Long service leave
- Annual leave
You are not required to pay superannuation for employees on unpaid leave, but you must advise us so that any insurance can be maintained.
Providing employee Tax File Numbers (TFNs)
As an employer, it is now compulsory for you to notify the fund of an employee’s Tax File Number (TFN), within 14 days of the TFN being quoted to you by your employee through their TFN Declaration Form. The ATO may apply penalties if you fail to comply.
When you supply us with your employees' TFNs:
- We will be able to accept personal voluntary contributions for your employees
- Additional tax for non-quotation of TFN will not be charged
- It will be easier to trace lost super
To ensure that your payments are correctly and promptly allocated, please keep us up to date when:
- The contact person at your company changes
- You business details change (ie. a change to your trading name, phone number, address, or email)
- You have a new employee or have terminated an employee
- Your employees details have changed
- Employees take maternity leave, paternity leave, or unpaid leave. This is important for insurance purposes.
- An employee dies. We can arrange for their account balance and any insured amount be paid to their beneficiaries.
- Your business ceases trading, either voluntarily or involuntarily
It’s easy to keep us up to date via EmployerAccess or call our employer hotline on 1800 210 098, Monday to Friday from 8am to 6pm AEST.