News & Views
4th May 2021
Have you paid your super for your eligible employees?
Super guarantee (SG) payments must be made to your eligible employee's super fund by 28 April 2021 for the quarter ended 31 March 2021.
If you need help on how much super to pay for your employees, please visit our website.
The payments can be processed via our secure online portal EmployerAccess. The online portal allows you to do everything online, from paying SG contributions to managing your Employer account.
If you miss a payment or pay SG after the due date, you must pay the superannuation guarantee charge (SGC) and lodge an SGC statement with the Australian Taxation Office (ATO).
The SGC is not tax-deductible. For more information visit the ATO website.
Upcoming changes to super
From 1 July 2021, the following changes will take place:
- The super guarantee (SG) rate is increasing from 9.5% to 10%
- The concessional contribution cap will increase from $25,000 to $27,500 per year
- The non-concessional contribution cap will increase from $100,000 to $110,000 per year
Disclaimer: The information contained in this newsletter is up-to-date at the time of its publication. However, some information can change over time. The contents are for general information only and does not constitute personal advice. We recommend that you consult with a suitably qualified person before making any financial decisions.
NESS Super Pty Ltd ABN 28 003 156 812 AFSL 238945, as trustee of NESS Super ABN 72 229 227 691.