Updated: May 20, 2021
Paying super is an important part of being an employer. We know that most employers do their best, but things don't always go to plan.
If you don't pay an employee's super on time and to the right fund, you must pay the Superannuation Guarantee Charge (SGC) and lodge an SGC statement to ATO. The SGC is also not tax-deductible. If you actually miss a payment, you must pay the SGC and lodge a Superannuation guarantee charge statement. You can also claim a late payment offset for late payments you made to your employee's super funds, reducing the amount of super guarantee charge you needs to pay.
If you're worried about paying super, contact us to find a solution.