A reminder that your next super guarantee (SG) payments for the quarter 1 January – 31 March are due by 28 April 2018.
Contributions should be submitted to QuickSuper by 11 April to allow for payments to non-BT super funds (which can take up to 10 business days to process).
Keep in mind
- Payment timing. Some awards and contracts require super to be paid more regularly (for example, monthly) than the SG quarterly requirement.
- Personal contributions. Make sure you pay these contributions on time, according to the employee's terms of employment and any industrial award conditions.
- Public holidays. If the SG due date occurs on the weekend or a public holiday, payments can be made on the next working day.
If your payment is late
If you miss the due date you may have to pay the SG charge and lodge an SG charge statement with the Australian Taxation Office (ATO).
Use the SG charge statement and calculator tool on the ATO website to calculate the SG charge and prepare the statement to be lodged with the ATO.
Things you should know
The information shown on this site provides an overview or summary only and it shouldn’t be considered a comprehensive statement on any matter or relied upon as such. It contains material derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, no company in the Westpac Group accepts any responsibility for the accuracy or completeness of, or endorses any such material. Except where contrary to law, we intend by this notice to exclude liability for this material.
© 2018 BT Financial Group - A Division of Westpac Banking Corporation ABN 33 007 457 141. Information current as at 9 January 2018.
This information is current as at 04/04/2017.
This information is general in nature and does not take into account your personal needs, objectives or circumstances and therefore, before acting on it, you should consider whether it is appropriate for you.
BT Portfolio Services Ltd ABN 73 095 055 208 AFSL 233715 (BTPS) is the operator of BT Panorama (the investor directed portfolio service). BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (BTFM) is the issuer of BT Cash. Westpac Financial Services Ltd ABN 20 000 241 127 AFSL 233716 (WFSL) is the issuer of BT Managed Portfolios (together, the Panorama Products). An Investor Guide is available for BT Panorama and a PDS is available for BT Cash and BT Managed Portfolios and can be obtained by calling 1300 554 267, or visiting BT SMSF. You should obtain and consider the relevant disclosure documents before deciding whether to acquire, continue to hold or dispose of interests in the Panorama Products. In addition, BTPS is also the provider of the SMSF Establishment Service and the SMSF Administration Service. The Guide and Terms and Conditions for each of these services are available by contacting BTPS.
BT Portfolio Services cannot give tax advice. Any tax considerations outlined in this article are general statements, based on an interpretation of the current tax law, and do not constitute tax advice. The tax implications of BT SMSF can impact individual situations differently and you should seek specific tax advice from a registered tax agent or registered tax (financial) adviser.