If you are 18 years old or over and earn at least $450 a month, you are entitled to receive superannuation contributions. This must be paid by your employer into the nominated super fund at least once every three months by the quarterly due date. When this falls on a weekend or a public holiday, the due date is then the next working day.
The superannuation dues dates are:
|Quarter||Period||Payment due date|
|1||1 July – 30 September||28 October|
|2||1 October – 31 December||28 January|
|3||1 January – 31 March||28 April|
|4||1 April – 30 June||28 July|
What happens if your super isn’t paid on time?
If your employer fails to pay the super you are owed on time, they may be liable to pay the superannuation guarantee charge to the Australian Tax Office (ATO). This consists of:
- the amount they failed to pay on time
- 10% interest on the above
- a potential ‘choice liability’ for failing to pay to the nominated account
- an administration fee of $20 per employee per quarter.
Failure to pay the superannuation guarantee charge can result in harsher action being taken by the ATO, including garnishing income, penalties for directors or filing a claim with the courts.
If your employer has failed to pay you your owed super by the due dates, you should consider first talking to them to resolve the issue. If that doesn’t work you can lodge an enquiry online via the ATO here.
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.