Paying Super Guarantee Late? There’s a form for that!

Since the implementation of Single Touch Payroll and Super Clearing Houses the ATO has up to date information on super guarantee liabilities. They are now regularly checking this information against the super paid into funds. This has increased Super Guarantee reviews and audits.

Due dates for Super Guarantee are;

July to September Quarter - due 28 October

October to December Quarter - due 28 January

January to March Quarter - due 28 April

April to June Quarter - due 28 July

You can contact the ATO for an extension, but this must be done prior to the due date.

If Super Guarantee is paid late businesses are required to lodge SG Charge Statements with the ATO and pay any unpaid super, interest, and fees straight to the ATO, who will then remit the super and interest to the employees funds. The fee is kept by the ATO.

Interest is currently 10% per annum, and the fees are $20 per employee per quarter. The interest keeps accruing until the SG Charge Statements are lodged and paid.

The Super Guarantee Charge Statements can be produced using the calculator on the link below, or contact your accountant for a quote starting from $150 plus GST per quarter depending on the complexities;

https://www.ato.gov.au/calculators-and-tools/super-guarantee-charge-statement-and-calculator-tool/