A reminder that the quarterly staff super is due for payment by 28 January 2020.
These payment dates are recommended by service providers:
To allow for processing time, please submit your contribution batches by 14 January 2020 (2 weeks prior to the ATO due date).
In the Payroll menu, select Superannuation. Click Add Super Payment. From the payment details, choose the lines to pay from the list of posted pay runs.
MYOB AccountRight Plus and Premier:
You should authorise the super payments in AccountRight by 20 January 2020 (at least 5 business days before the ATO due date).
In the Payroll command centre, click Pay Superannuation, select bank account from Pay From Account field, choose the date range to view payments, then select those payments you want to process. Click Record, and then Authorise using the Authorisation code which will be sent by SMS to your mobile phone.
Other SuperStream Providers:
Please pay by 20 January 2020 to allow sufficient time for processing of the payments.
ATO Super Payment Due Dates
You must pay super for your staff at least four times a year by the quarterly due dates:
|Period||Payment 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|
Paying 2 weeks (Xero) or 5 days (MYOB) before due date is the best practice approach and applies to other quarters as well, not only the Christmas/New Year period.
We also recommend making monthly super payments to reduce the risk of paying super late.
What if I pay late?
Australia’s superannuation law is strict with regards to paying by the due date. Even if you’re late by one day, you can be penalised.
If you fail to meet the quarterly super due date, you may have to pay the Superannuation Guarantee Charge (SGC) and lodge a SGC statement. Late super is not tax deductible, and penalties and interest are applied (10% p.a. interest plus $20 admin fee per quarter per employee). Therefore, it is in your best interests to be proactive and pay early.
Need further help?
If you require ongoing assistance with payroll and superannuation, consider outsourcing your accounts to our bookkeeping service.
As well as bookkeeping, BAS preparation and reporting, our team are payroll experts and offer expertise in:
- Payroll set up
- Payroll calculations and payments
- Payment summaries and end of year processes
- STP set up and reporting
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