employer responsibilities

The simple rules
 

• The minimum you must pay is what's known as the 'super guarantee' or SG. 
• From 1 January 2020, you will no longer be able use an employee's salary sacrificed amount into super to offset your SG obligation.  
• If you pay an employee $450 or more (pre tax) in a calendar month, you have to pay super on top of their wages. 

What you need to know about the SG

• It's currently 9.5%* of an employee’s ordinary time earnings.
• It's better for your employees if you pay it more regularly, like monthly, or fortnightly.
• You must pay it at least four times per year, by the quarterly due dates.
  
• If you don't pay on time, you may have to pay the super guarantee charge (it's a bit like a fine).
• It must be paid into a complying super fund. 
• Most employees can choose which fund you pay into.

_{*The minimum legislated Superannuation Guarantee (SG) contributions are 9.5% each year until 1 July 2021 when the rate increases by 0.5% per annum until it reaches and stays at 12% from 1 July 2025 onwards.}