Making super payments

If you don't pay super contributions on time and to the right fund, you'll have to pay the superannuation guarantee charge (SGC). This is an extra payment on top of your employee contributions and isn't tax-deductible.

You'll also need to submit an SGC statement to the ATO.

There are additional charges if you continue to miss payments, so it's a good idea to keep track of the payment deadlines for super contributions.

A clearing house is an electronic payment facility that lets you make super contributions to multiple super funds in a single transaction.

We use Employer Direct for our secure employer payment system, which is free for employers contributing to QSuper accounts. The Australian Taxation Office (ATO) also offers a free Small Business Superannuation Clearing House for eligible small businesses.

Log in or register for Employer Direct.

The ATO has set requirements on how you need to report tax and superannuation information to them called Single Touch Payroll (STP).

You'll need to report employees' payroll information to the ATO each time you pay them through STP-enabled software.

This is an automated message sent after the daily bank reconciliation has been finalised. Your payment may have been processed after the daily banking cut-off.

Depending on the payment method, it can take up to 5 business days for a payment to be reconciled.

For more information, give us a call.

Although the BPAY details may not have changed, the contribution can't be allocated if you haven't submitted a matching contribution file via Employer Direct.

When this happens, SuperChoice sends an automated email after daily bank reconciliation has been finalised.

For more information, give us a call.