ATO Checklist for Employers – Paying Super


Employer super quick check


Paying super is an important part of being an employer. Super provides income for your workers in retirement.


Here's how to run a quick check of your super obligations to make sure you've

got everything sorted:


Check you're paying super to all eligible workers:

  • Some contractors may be entitled to super.

Check that you're paying the right amount:

  • Currently, you need to pay a minimum of 9.5% of their ordinary time earnings.

Check you're paying on time:

  • It is tax deductible against your business income.

  • At a minimum, you can pay super quarterly.

  • If you fail to pay on time, you may need to pay a superannuation guarantee charge, which is not tax deductible.

Check you're paying to the right place:

  • Pay super into your workers fund of choice.

  • If they haven't given you the details, pay it into your default fund.

Check that you're paying the right way:

  • Pay the SuperStream way – send both the payment and data electronically in a standard format.

  • You may be able to use the free Small Business Super Clearing House to distribute payments to your employees' super funds.

Check you're keeping accurate records:

  • Have evidence to show you've met your obligations.

Employing people involves lots of obligations, including superannuation.


The ATO have the tools and calculators to help you get it right.


Source: ATO – Run a quick check of your super obligations Author: The Institute of Certified Bookkeepers


Disclaimer: All or any advice contained in this newsletter is of a general nature only and may not apply to your individual business circumstances. For specific advice relating to your specific situation, please contact your accountant or contact me for further discussion.

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