What dates are superannuation 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 was the superannuation rate in 2014?
Table 21: Super guarantee percentage
|Period||General super guarantee (%)||Super guarantee (%) for Norfolk Island (transitional rate) (from 1 July 2016)|
|1 July 2013 – 30 June 2014||9.25||0|
|1 July 2014 – 30 June 2015||9.50||0|
|1 July 2015 – 30 June 2016||9.50||0|
|1 July 2016 – 30 June 2017||9.50||1|
What is the lodgement date for superannuation guarantee charge statements for quarters?
Super guarantee contributions to be made to the super fund for every quarter. If you do not pay minimum super contributions for quarter 1 by this date, you must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly with us by 28 November.
How far back can you claim unpaid super?
Typically, you can make unpaid superannuation claims for contributions from the last five years, which is the period employers are required to maintain super contributions records. However, you may be able to claim unpaid super contributions from more than five years ago if you can provide the necessary documentation.
What happens if superannuation is paid late?
The fine, or penalty, for late super is called the Superannuation Guarantee Charge and is calculated based on how much you owe. It includes: the shortfall amount (the contributions not paid or paid late), interest of 10% per annum, and.
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.
What is the current rate for super guarantee?
10% per annum
What is the superannuation guarantee rate? The rate of SG has been increased to 10% per annum since 1 July 2021. This is an increase of 0.5%. Superannuation guarantee legislation states that super payments will increase a further 0.5% each year until they reach 12% in 2025.
Can you go to jail for not paying superannuation?
New penalties for not paying super Failure to abide by a direction to pay superannuation can result in a fine of up to $10,500 or 12 months imprisonment.
Can I sue for unpaid super?
You can claim unpaid super if you are: 18 years old or over. employed work full time, part time or casually. You earn more than $450 (before tax) per month.
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.
When does the Superannuation Guarantee go into effect?
What is the Superannuation Guarantee? Financial Year Super Guarantee Rate 1 July 2002 – 30 June 2013 9% 1 July 2013 – 30 June 2014 9.25% 1 July 2014 – 30 June 2021 9.5% 1 July 2021 – 30 June 2022 10%
When do I have to file my Super guarantee tax return?
Super guarantee charge statement – quarterly for quarter 1 (1 July – 30 Sept). Employers who did not make the required super guarantee contributions for the July-September quarter must lodge the statement by this date. 1 December. Payment of income tax for taxable large/medium super funds.
When do I have to report my Super fund contributions?
Super guarantee contributions for quarter 4 (1 April – 30 June) Employers are to make contributions to the super fund by this date. 14 August. Due date for PAYG withholding payment summary – annual reports.
Is there an amnesty for superannuation in 2020?
On 6 March 2020 the government introduced a superannuation guarantee amnesty that allows employers to disclose and pay previously unpaid super without incurring penalties. Super guarantee contributions to be made to the super fund for every quarter.