We provide the tools and support you need to make the process as seamless as possible.
Manage super in five steps
Setup a default fund
The first step of setting up super is to choose a default fund.
The fund needs to be MySuper authorised (that means meeting a government regulated set of features) and it must offer minimum life insurance for employees.
Some employees are eligible to choose their own super fund, and they can do this by completing a Choice of Fund form within 28 days of their start date.
If your employees are under a state or federal award that specifically nominates a fund or benefit, then you will need to pay super into that nominated fund.
Choice of fund eligibility can be complex, so it’s best to check a government website such as the Australian Taxation Office if you're unsure.More on choice of fund
Work out who’s eligible to receive super
If your employee earns $450 or more in a month, you will be required to pay super.
It doesn’t matter if they’re permanent, casual or part-time. They might be travelling on a working holiday or helping out the family business.
No matter their employment arrangements, they’re entitled to superannuation guarantee contributions.
There are a few exceptions to the rule that you aren’t required to pay super to, such as employees under the age of 18 working less than 30 hours.
To confirm if you need to pay super to your employees, refer to the Australian Taxation Office (ATO) super eligibility tool.Super eligibility tool
Calculate how much you need to pay
The minimum Super Guarantee contributions are 9.5 per cent of your employee’s ‘ordinary time earnings’.
This includes their base salary and any additional payments, such as bonuses, commission, allowances, casual and/or shift loading.
It doesn’t include overtime, or lump sum payments for time in lieu.
The SG Act has a very specific way of defining ordinary time earnings, so we recommend seeking advice from a legal adviser if you’re unsure.
Have a SuperStream compliant contributions process
The SuperStream reforms were introduced by the government to make the superannuation system stronger for all Australians.
All employers are now expected to be submitting contributions payments and data online using SuperStream compliant processes. These processes are designed to prevent errors and oversights by providing better visibility when contributions get stuck along the line.
Our clearing house lets you make compliant contributions in one transaction, and is free for registered employers.
Schedule your contributions on time
At a minimum, superannuation guarantee contributions must be paid into your employee’s fund by the quarterly cut-off dates below.
Not making payments on time or not paying enough (a super guarantee shortfall), could mean you miss out on your tax deduction and will have to pay interest at 10% per annum, plus a $20 administration fee per employee for every quarter you miss.View key dates