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What employers need to know about Super Guarantee penalties

As an employer, keeping up with all your obligations to employees can be tricky. When you miss something, understanding the potential penalty and what you can do to reduce it is a key part of getting back on track.

The Superannuation Guarantee (SG) is a good example.

If you pay SG contributions late, skip paying, contribute to the wrong super fund or don’t offer your employees the option to choose their super fund when you’re required to, you’ll need to pay the Superannuation Guarantee Charge (SGC).

How penalties are issued

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