Reminder of Superannuation Guarantee obligations for September 2021 quarter.

pexels-akil-mazumder-1072824.jpg

Under the Superannuation Guarantee (‘SG’) scheme, employers are required to make quarterly contributions on behalf of their employees.

From 1 July 2021, the minimum contribution required is 10% (up from 9.5%) of an employee’s Ordinary Time Earnings base, up to a maximum quarterly contribution base of $58,920 for 2021/22.

Employers are reminded that the due date for making SG contributions for the September 2021 quarter is 28 October 2021.

If you have any questions or queries in relation to your SG obligations, please get in touch with us.

If you need further information about the contents of this blog or our other editions, please contact us.

Previous
Previous

ATO support for employers with expansion of STP.

Next
Next

New ID requirement for Directors.