In this guide
Paying your employees’ super on time and to the correct super fund is an important quarterly task, but when things get hectic it’s easy to miss the due date.
If this happens, it’s essential not to leave it to sort out another day.
Not paying on time or making contributions to the wrong super fund means you are required to pay the Super Guarantee Charge (SGC), and every day you delay will only add to your interest bill.
What are the SGC and SGC Statement?
If you don’t pay the necessary Super Guarantee (SG) contributions for your employees by the quarterly due dates – or don’t pay the full amount – you are required to pay the SG Charge (SGC). Similarly, if you don’t correctly follow your choice of fund obligations, you are liable for the SGC.
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