- are aged between 18 and 70
- are paid $450 (before tax) or more in a calendar month, and
- work full-time, part-time or on a casual basis.
The minimum super amount you have to pay is 9% of each eligible employee’s earnings base.
It’s important to pay the correct amount of super by the cut‑off date each quarter to avoid paying the superannuation guarantee charge.
Employee/Contractor Decision Tool:
The Tax Office employee/contractor decision tool is designed to help you (as a payer) understand whether your individual workers are employees or contractors in order to comply with your Commonwealth tax and superannuation obligations.
Once you have answered a series of questions, you will be provided a report which will give:
- a decision of employee or contractor (for Commonwealth taxation and superannuation purposes) for this particular arrangement
- a summary of the information you have provided
- the basis of the decision, and
- a summary of your Commonwealth taxation and superannuation obligations relating to the worker.
Superannuation Guarantee (SG) Eligibility Decision Tool:
The Tax Office super guarantee eligibility decision tool is designed to help you as a resident employer to understand whether you need to make superannuation contributions for individuals you employ (including any contractors who are treated as employees).
Once you have answered a series of questions, you will be given a report that contains:
- a decision if an individual is eligible for superannuation for this particular arrangement
- a summary of the information you have provided, and
- a summary of your superannuation obligations relating to the individual.
Superannuation Guarantee (SG) Contributions Calculator.
The Tax Office super guarantee contributions calculator will tell you how much super you must contribute for your eligible workers.
For each eligible employee you simply need to enter an amount for the period that you wish to calculate their SG contributions on. You also have the option of separating employees by name and super fund. None of your personal information is recorded by the Tax Office.
Superannuation Guarantee Charge Statement Calculator
The Tax Office super guarantee charge statement tool will help you calculate your total SGC liability for any applicable employees and produce a statement that you can print and send to the Tax Office. To do this the tool will prompt you with questions.
You are required to pay the superannuation guarantee charge for a quarter, for your eligible employees, if you did not pay:
- any or enough superannuation
- superannuation contributions by the quarterly cut-off date
- superannuation contributions to an eligible employee’s nominated superannuation fund.
The superannuation guarantee charge is payable to the Tax Office and is not tax deductible. The Tax Office will send your payments on to the superannuation funds of your employees.
If you are unsure whether you paid enough superannuation on time for any of your employees, or to the correct fund, you need to use the calculator to determine if you need to pay the superannuation guarantee charge. The statement produced at the end will only include those employees where you are required to pay the superannuation guarantee charge.
DISCLAIMER: All information provided in this article is of a general nature only and is not personal financial, taxation or investment advice. It does not take into account your particular objectives and circumstances. No person should act on the basis of this information without first obtaining and following the advice of a suitably qualified professional advisor. To the fullest extent permitted by law, no person involved in producing, distributing or providing the information in this article (including Award Accounting for Business Success Pty Ltd, each of its directors and employees) will be liable in any way for any loss or damage suffered by any person through the use of or access to this information.