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Most employees in Australia are entitled to superannuation payments. Your employer is required by law to pay them into your super fund by specific dates. We take a look at what these dates are.
Who can be paid super in Australia?
Most employees in Australia are covered by the Super Guarantee, which means employers must pay a certain amount of money into a super fund. According to the Australian Taxation Office (ATO), an employer must pay super if an employee is:
- 18 years or over: Earning $450 or more (before tax) in a calendar month
- under 18 years old: Earning $450 or more (before tax) in a calendar month and working more than 30 hours a week.
The ATO states that “this applies whether you work casual, part-time or full-time hours, and if you are a temporary resident”. Labour contractors may also be eligible (check with the ATO).
When should super be paid into my super fund by my employer?
According to the ATO, employers must pay their employees’ super at least four times a year. The money needs to be deposited into employees’ super fund accounts. The dates on which the payments must be made depend on when the work was done:
- 1 July to 30 September – payment due by 28 October
- 1 October to 31 December – payment due by 28 January
- 1 January to 31 March – payment due by 28 April
- 1 April to 30 June – payment due by 28 July
The ATO states that employers can pay more frequently than this, but the total amount due for that quarter’s payment must be made by the due dates.
Next step: 7 things to check on your superannuation statement
And then: What to do if your employer is not paying you super
If you are exploring superannuation, these articles may be of interest to you:
- What are the top performing super funds on Canstar’s database?
- 5 steps for doing a superannuation health check
- Do you have ‘lost super’? Here’s how to find it
- How do you change superannuation funds?
- The key times to check the insurance in your super
- 5-Star superannuation funds for Australians aged 18-29
- Smart superannuation strategies for your 40s
- 5-Star superannuation funds for Australians aged 50–59
Compare superannuation with Canstar
If you’re comparing Superannuation funds, the comparison table below displays some of the products currently available on Canstar’s database for Australians aged 30-39 with a balance of up to $55,000, sorted by Star Rating (highest to lowest), followed by company name (alphabetical). Use Canstar’s superannuation comparison selector to view a wider range of super funds.
Fee, performance and asset allocation information shown in the table above have been determined according to the investment profile in the Canstar Superannuation Star Ratings methodology that matches the age group you selected.
Cover image source: Nomad_Soul/Shutterstock.com
This content was reviewed by Sub Editor Jacqueline Belesky as part of our fact-checking process.
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