Unlike other payment types you may make in business, super contributions are only counted as paid when the super fund receives them. That’s why it’s best to make any payments well before 28 January to ensure they reach the super fund on time.
If you're a business with less than 20 employees, or have an aggregated turnover of less than $2 million, you can use the Small Business Superannuation Clearing House to save time and avoid the super guarantee charge.
It’s fast and easy to use because you pay all of your super contributions in one transaction and the clearing house will distribute your payment to the various super funds on your behalf.
Start saving time by using the clearing house this quarter.
For further details please click here.