How much and how often to pay your employees
As an employer, you must pay a minimum 9.5 per cent of an employee's ordinary time earnings (rising to 12 per cent by 2025) to a complying super fund at least quarterly. These are called ‘compulsory Super Guarantee’ (SG) contributions. Penalties apply if you fail to pay these.
Some exceptions for SG may include employees earning less than $450 in a calendar month (before tax), although you must still provide super support for any month in which the employee is paid $450 or more, and those under 18 years working 30 hours or less per week.
Compulsory super levels changed on 1 July 2014. Find out more at the ATO website.
You may also make additional contributions for employees under salary sacrifice arrangements.
Your super obligations
Employers are usually required to make Superannuation Guarantee (SG) contributions to a complying superannuation fund on at least a quarterly basis, or incur the SG charge.
If you use Suncorp EASE, you’ll need to pay super contributions for your employees two weeks prior to the SG cut-offs:
Making your super payments is super easy
We make it simple for you to meet your super obligations by providing a free (if enough of your employees are using Suncorp Wealthsmart Super, Suncorp brighter Super or Suncorp Everyday Super) and simple to use online payment or ‘clearing house’ solution - Suncorp EASE.
Suncorp EASE removes the hassle of managing your employees’ super, especially if you’re paying super to multiple funds.
Other benefits include:
- Electronic straight-through processing
- Fast transacting (your contributions can be in your employees’ super accounts in just 2 days)
- Employee information at your fingertips
To learn more about Suncorp EASE, go to our Manage your Employees’ Super page. There is also more information about paying your employees in the Suncorp Brighter Super Product Guide and Everyday Super Product Guide or the Suncorp WealthSmart Business Super for Employers PDS.