News & Views
16th February 2021
Managing your Super with NESS is super easy!
All employers have a responsibility when it comes to superannuation and the Superannuation Guarantee (SG) payments to your employees, whether you have one or more employees. These include:
Paying superannuation payments to your employees and knowing when and how payments can be made
The current SG superannuation contribution rate under Superannuation Guarantee legislation is 9.5% of ordinary time earnings (OTE).
Payment can be made monthly or quarterly. If your preference is quarterly, please refer to the below table.
|Quarter||SG Contribution due date|
|1 January - 31 March||28 April|
|1 April - 30 June||28 July|
|1 July- 30 September||28 October|
|1 October - 31 December||28 January|
Providing employees with their choice of super fund
You need to provide your new employees with a Choice Form within 28 days of commencing employment.
If they don’t choose their own fund using this form you need to pay their super contributions to a complying super fund (or Retirement Savings Account) or a complying super fund with a MySuper option.
NESS Super offers a default fund with a complying MySuper option.
Deciding for your own business, your super fund of choice
Your default super fund of choice is the super fund your business nominates as the best fit to take care of the superannuation needs for you and all your employees.
It’s important to choose a fund that acts in the best interests of your business, and your employees.
By nominating NESS Super as your default fund for all your businesses, you’ll join the benefits of joining a super fund for your industry.
Ensuring that you keep up with the Government legislation and super changes that impact your employees and your business
As a complying superannuation fund, NESS Super ensures that we are up to date with all Government legislation and changes that impact your business and your employees. Calvin Lake can be contacted if you have any questions or concerns.
Why not contact Calvin Lake today?
To find out more about how we can help you and your business, please contact our Employer Services Manager, Calvin Lake on 0436 000 401 or email Calvin at Calvin.firstname.lastname@example.org
We look forward to making a positive difference for your business and your employees.
At NESS Super, we’re here to help.
Our Employer Services Team are also available to take your call, between 8.30am and 6.00pm (Sydney time) Monday to Friday on 1800 022 067 or email us at email@example.com if you have any queries.
The information contained in this article 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 do not constitute personal advice. We recommend that you consult with a suitably qualified person before making any financial decisions.