Do You Need to Pay the Super Guarantee Charge?
We recognise there can be times when super is not front of mind for employers.
Super guarantee (SG) obligations were due on 28 July for the last quarter. If you missed or didn’t pay the full amount of your employees’ SG, you’ll need to:
- lodge a super guarantee charge statement to us by 29 August to disclose any missed or late super
- pay the SG charge to us.
The SG charge is an additional amount you need to pay. It includes:
- the SG shortfall amounts
- interest on those amounts
- an administration fee of $20 per employee, per quarter.
By lodging an SG charge statement by the due date, you will avoid a late lodgment penalty.
Even if you cannot make the payments by the due date, you still need to lodge the statement on time.
If you’re worried you’ll have difficulty paying the SG charge, contact us so we can work with you to find a solution tailored to your situation.
Source: ATO
Welcome to Accountplan, proudly assisting the community in Redcliffe and surrounds for almost 40yrs with:
– an experienced team of Accountants providing Tax & Business Advisory services
– Bookkeepers to help you with BAS, IAS & Payroll
– Financial Planning advice around Wealth Creation, Super & Aged Care Strategies
– Mortgage Broking services for Home Loans, Investment Loans, Business and even Vehicle Finance
While you’re here why not check out our site and see what we might be able to help you with…………
