If you are an employer, you would be aware of your important responsibility you have on ensuring your employee’s super payments are paid on time and in full. Of late, we have noticed that the ATO is taking a stricter approach to late paid super; clients have been penalised, even if the payment was made before the due but wasn’t received until after the due date because of processing times.
Below are some tips that we would recommend you follow to avoid ATO action:
|1 July – 30 September||28 October|
|1 October – 31 December||28 January|
|1 January – 31 March||28 April|
|1 April – 30 June||28 July|
If you need assistance with processing your super or submitting a super guarantee charge statement, please get in touch with our office.
– Nicola Dawson
This article is compiled as a helpful guide for your private information and is subject to copyright. We suggest that you do not act solely on the basis of material contained in this article because items are of general nature only and may be liable to misinterpretation in particular circumstances. We recommend that our advice be sought before acting on any of these crucial areas.