Super dates – ATO focus
The ATO have sent letters to a number of businesses reminding them of their requirement to pay their staff superannuation on time. These letters are part of an education campaign launched by the ATO and will be followed up with a compliance program. Below is a table of the payment cut-off dates for super guarantee payments.
Quarter |
Period |
Payment cut-off date |
|
|
1 July - 30 Sept |
28 Oct |
|
2 |
1 Oct - 31 Dec |
28 Jan |
|
3 |
1 Jan - 31 March |
28 April |
|
4 |
1 April - 30 June |
28 July |
If a super contribution is paid after the cut-off date a super guarantee charge statement must be lodged with the ATO and interest paid on overdue amounts at 10 per cent, per annum, plus an administration fee of $20 per employee per quarter.
