Superannuation Guarantee Payments

Superannuation Guarantee (SG) payments are the minimum amount of super guarantee for your employee to provide for their retirement.

The SG is currently 9.5% of an employee’s ordinary time earnings. You must pay SG at least four times a year by the quarterly due dates. If you don’t pay the minimum amount of SG by the due date, you may have to pay the super guarantee charge.

If you pay an employee $450 or more (before tax) in a calendar month, you have to pay SG on top of their wages. If your employee is under 18 or is a private or domestic worker, they must also work for more than 30 hours per week to qualify.

At Peter Vickers, we will ensure our clients meet with all the compliance requirements and avoid SGC. We will also provide professional advice on all clients queries in relation to SG entitlements, calculations etc.

Advice provided by Peter Vickers Insurance Brokers Pty Ltd trading as Peter Vickers Investment Services
Australian Credit Licence and Australian Financial Services Licence Number 229302