First Super Employer 1
First Super Employer 1
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Super obligations

EOFY reminder for employers!

If you’re planning to make super guarantee (SG) contributions for the 2020/21 tax year, you’ll need to act fast. Make your payments by no later than 21 June to ensure they’re counted before the end of the financial year.

Here are some important things you need to know when it comes to super.

Superannuation Guarantee (SG) legislation requires all employers to make super contributions for employees who:

  • Work casual basis, part time or full time;
  • are aged 18 years and over, or if under the age of 18, are working more than 30 hours per week; and
  • are paid $450 or more (before tax) in a calendar month.

As an employers, you must pay SG contributions for employees into a super fund by the quarterly due dates:


Cut off dates for employers 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

If an employee’s Ordinary Time Earnings for a quarter is greater than the Maximum Contribution Base, the employer only needs to base the 9.5% contribution on the Maximum Contribution Base. You need to pay a minimum of 9.5% of each eligible employee’s Ordinary Time Earnings. This usually means the amount they earn for their ordinary hours of work up to the Maximum Contribution Base for a quarter.

For more information on Ordinary Time Earnings, visit the Australia Taxation Office website

The SG rate will remain at 9.5% until 30 June 2021 and then increase by 0.5% each year until it reaches 12% in 2025/2026.

 Financial Year(s)

Guarantee rate

 2016/17 – 2020/21  9.5%
 2021/22  10%
 2022/23  10.5%
 2023/24  11%
 2024/25  11.5%
 2025/26 and beyond  12%

If your employees are paid under an award you may also be required to contribute superannuation in accordance with any additional requirements stated in the award.

What happens if contributions are overdue?

If you haven’t paid the minimum amount or missed the due date, you have to lodge a Superannuation guarantee charge statement with the Australian Tax Office and pay the superannuation guarantee charge (SGC). The SGC is not tax deductible and neither are some late payments.

We’re here to help. So let’s talk.

If you need any help with your super obligations or have any questions, please call our Employer Services Team on 1300 943 171, or email us.