What dates are super payments due?
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What dates are super payments due?
What are this year’s due dates?
| SG Quarter | SG Due Date |
|---|---|
| 1 July – 30 September | 28 October |
| 1 October – 31 December | 28 January |
| 1 January – 31 March | 28 April |
| 1 April – 30 June | 28 July |
What are the cut off dates and payment due dates for making superannuation contributions?
Super payment due dates
| Quarter | Period | Payment due date |
|---|---|---|
| 1 | 1 July – 30 September | 28 October |
| 2 | 1 October – 31 December | 28 January |
| 3 | 1 January – 31 March | 28 April |
| 4 | 1 April – 30 June | 28 July |
What happens if super is not paid on time?
If you do not pay an employee’s super on time and to the right fund, you must lodge the superannuation guarantee charge (SGC) statement and pay the SGC to us. If you made a late super payment to an employee’s super fund, you may be able to use it to: pay super in the current quarter.
When must super contributions be paid?
Superannuation dates and more
| Quarter | Superannuation contributions due date | Super guarantee charge due date |
|---|---|---|
| 1 July – 30 September | 28 October | 28 November |
| 1 October – 31 December | 28 January | 28 February |
| 1 January – 31 March | 28 April | 28 May |
| 1 April – 30 June | 28 July | 28 August |
How much does an employee have to earn before superannuation must be paid?
It doesn’t matter whether you have a full time, part-time or casual job, if you’re over 18 and you earn more than $450* (before tax) in a calendar month, your employer should pay super contributions for you.
How often should my employer pay my super?
Super has to be paid at least every 3 months and into the employee’s nominated account.
What day of the month is superannuation paid?
NZ Super payments are made every second Tuesday. If there’s a public holiday, payments are made earlier.
How much is the fine for not paying super?
Penalties for not paying super Failure to pay can mean a fine of up to $10,500 or 12 months imprisonment. The charge is not tax deductible; another reason why most employers do the right thing and make their super guarantee contributions on time.
Is superannuation deductible if paid late?
Missed and Late Payments If you don’t pay an employee’s super on time and to the right fund, you must pay the superannuation guarantee charge (SGC) to the ATO (not directly to the superfund) and lodge an SGC statement to the ATO. The SGC is not tax-deductible.
Are sole traders entitled to superannuation?
If you’re a sole trader or a partner in a partnership, you can choose whether you pay super to yourself. You don’t have to make super contributions to a super fund for yourself, however it is a good idea. You may want to consider super as a way of saving for your retirement.
What is the minimum super threshold?
$450
How is the minimum Super Threshold amount calculated? Generally speaking, employers are required to pay super to employees who are over 18 when their earnings are greater than $450 / in a calendar month.
Do part-time employees get superannuation?
Superannuation guarantee If eligible, the super guarantee applies to all types of employees including: full-time employees. part-time employees. casual employees.