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Super payment rules

Superannuation dates and more

When to pay super?

Each year the dates when super is payable by employers are the same:

  • January 28th
  • April 28th
  • July 28th
  • October 28th

Do I need to pay superannuation?

Generally, an employer must pay super for an employee if:

  1. The employee is 18 years or over, and
  2. You pay them $450 or more (before tax) in regular income per calendar month.

OR 

  1. The employee is less than 18 years of age, and
  2. They work more than 30 hours per week, and
  3. You pay them $450 or more (before tax) in regular income per calendar month.

The superannuation guarantee must be paid regardless of whether the employee is full time, part time or casual, an Australian resident or here on a work visa.

Contractors who earn most of their income by providing a service to your business, might also be eligible for super contributions from you.

What does ‘regular income’ mean?

The super contribution payment is based on an employee’s ordinary hours of work, which includes: 

  • Regular wage
  • Commissions
  • Allowances
  • Paid leave
  • Shift loadings 

It does not include: 

  • Irregular overtime payments
  • Performance based bonuses
  • Termination payments 

Are there exceptions?

There are some exceptions:

  • You may be exempt from paying compulsory superannuation for employees over 65 years of age who have not worked (full or part-time) for at least 40 hours over 30 consecutive days in the financial year
  • There is also a maximum income on which employers must pay the Super Guarantee. In 2016/17 it is $206,480 per year.

Are there other types of superannuation payments?

Generally there are two types of payments:

  • Compulsory Super Guarantee contributions
    The mandatory contribution you make to your employees’ superfunds, set as a percentage of their regular wage.
  • Reportable superannuation contributions
    I
    n most cases, the extra voluntary payments made at the request of an employee out of their wage. The most common of these is salary sacrificing.

Super Contribution Calculator

Is your employee 18 years of age or over? 
Does your employee work for more than 30 hours in a week?

 

Please note: The answers you get from this tool are based solely on the information you provide. Calculations are only estimates of potential superannuation eligibility and assume no change to hours worked or remuneration received and may not equate with the eligibility period for the calculation of superannuation entitlements. You must check the information you enter is correct, as we will not be held accountable for any incorrect calculations.

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