As an employer, you’re required to meet certain obligations. One of the most important obligations is paying your employees’ Superannuation Guarantee (SG) contributions.
The amount you pay is usually a percentage of each employee’s monthly or quarterly ordinary time earnings (OTE), this percentage is called the SG rate. The SG rate is currently 9.5% and will remain at this rate until 2018.
Ordinary time earnings (OTE)
OTE is the salary or wages you pay your employees for their ordinary hours of work. It includes over-award payments, shift loading and allowances, commissions, bonuses and paid leave. It doesn't include overtime. For more information, read our Employer Obligations Fact Sheet.
To work out the amount you need to contribute, simply multiply your employee’s OTE for the relevant month or quarter by 9.5%.
SG payment deadlines
|Payment Period||SG 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|
If the due date falls on a weekend or a public holiday, your payment is due the next business day. It’s your responsibility to make sure your payments reach us on or before the due dates.
If your SG payments are late you may be liable for an additional SG charge to the ATO.
For more information on these deadlines and any charges that may apply, read our Employer Obligations Fact Sheet.
Reporting super contributions
The Government requires you to report on certain super payments you make on behalf of your employees. For example:
Salary sacrifice contributions
Additional amounts paid to an employee's super fund (e.g. annual bonus paid to super)
Increased super contributions an employee has negotiated with you as part of their salary package.
Generally, you need to report these contributions on your employee's payment summary.