Effective 1 July 2014, the Superannuation Guarantee rate will increase to 9.5%. This rate will be kept at 9.5% until 30 June 2018 where the Superannuation Rate will most likely increase again.
Payments must be made quarterly by the following cut off dates:
|
Quarter |
Period |
Payment cut-off 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 |
Source: Australian Taxation Office
If you require further information or wish to clarify on what types of wages, allowances or commissions super should be paid, contact us and we will guide you through the process.
For more information or help contact us on 1300 116 400 or [email protected]