Sept Quarter Superannuation Guarantee Contribution Due Soon
Tax Compliance

Sept Quarter Superannuation Guarantee Contribution Due Soon

This reminder comes from the MB+M Compliance team to provide you with a “heads-up” that your Sept Quarter Superannuation Guarantee Contribution is due soon. The team outline what you will need to review before finalising the statements.  

What To Do?

Prepare now for your quarterly superannuation guarantee (SG) contribution lodgement and payment.

Here’s what you need to review:

  • Have you allocated all payroll related bank transactions to the correct accounts?
  • Have you checked for errors such as duplicate pay runs?
  • Have you checked that all payroll categories used this quarter have had super correctly applied or excluded?
  • Have you checked superannuation accrual reports for accuracy?
  • Do you have any salary sacrifice amounts to include?
  • Have you had to make any termination payments this quarter? If so, check which payroll categories have super calculated or exempted.
  • Do you have complete and up-to-date contact details and a super choice form for all employees?

Most superannuation clearing houses (including SuperStream compliant software companies) require payment by the 14th of the month in order to distribute the funds to the relevant super funds for each employee.

If you use the ATO Small business Clearing House (SBSCH) you have until the 28th to lodge and pay.

Examining the figures each quarter ensures that you report and pay accurate amounts for each employee. You will also have a more accurate picture of your superannuation liability and be able to plan accordingly.

REMEMBER: To make your payments on time to avoid penalties.

Superannuation calculations can be difficult if your payroll software is not set up for correct accruals of superannuation guarantee.  We can help review your super setup and the SG accounts used in your accounting software.

If you have questions about how to process the Superannuation Guarantee Payments, call MB+M and speak with one of our expert Accountants, who will you will help you. Call 03 5821 9177.

  1. ATO: Super guarantee payments


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