SUPERANNUATION GUARANTEE PAYMENT

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Attention Employers: The next quarterly super guarantee payments are due to your employees’ super funds by 28th April 2022.

This payment will cover superannuation on wages paid during the period January 2022 to March 2022.

If you do not pay an employee’s super guarantee on time and to the right fund, you must lodge the superannuation guarantee charge (SGC) statement and pay the SGC to ATO.

The super guarantee charge (SGC) is non-deductible against your business income.

Make sure you’re using the new 10% rate when you calculate superannuation contributions.

Superannuation guarantee rate changed from 1st July 2021. Incorrect payments may attract penalties.

Contact Expert Tax on 0449 952 855 (Williams Landing) or 0404 667 909 (Doreen) for further assistance.

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