Reminder: Due Date for Super Guarantee Contributions is 28th October.

1st Quarter of FY 2021, July to September 2020 – contributions must be in the fund by 28th October 2020.

As an employer, your obligation to pay your employees’ superannuation contributions on time and in accordance with their choice of fund is just as important as paying their wages. Failure to meet your obligations could attract unwanted attention from the Australian Tax Office (ATO).

It is essential that employers pay super contributions on time to avoid penalties. The law requires employers to pay at least four times a year, at the end of each financial quarter.

The due dates for payment are set at four weeks after the end of the quarter.

  • Quarter ending September 30 – due date October 28

  • Quarter ending December 31 – due date January 28

  • Quarter ending March 31 – due date April 28

  • Quarter ending June 30 – due date July 28

If the due date falls on a weekend or public holiday, the ATO allows payments to be made on the next business day. You also need to factor in processing times of your super fund to ensure contributions processed by the due date.

Remember that late payments of superannuation are not tax deductible.

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