Wednesday, October 8, 2008

When do I have to pay the SG contributions?

Generally you are required to pay SG contributions quarterly. Employers who fail to make the required payment by the due date will be liable to pay the SG Charge to the ATO.

This charge includes the unpaid super amounts (based on salary and wages and ordinary time earnings) plus interest and an administrative fee.

You have, generally, four weeks from the end of each quarter to make payments.

The easiest way to make sure your payments are made on time and are credited to the respective super funds by the due date is to use the Superconnect Clearing House. Contributions are expedited electronically to the vast majority of funds to ensure your compliance is ensured. Register today if you need a more sure method of making SG contributions.

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