When is sgc due

Your late payment can only be used to offset the nominal interest and SG shortfall components of the SGC. Your payment cannot be used to prepay current or future super contributions and you are not permitted to change or revoke your election. You can also choose to use your late payment as an SG payment for the quarter when it is paid, or for a future quarter. This option is available if it is for the same employee and the start of the quarter is within 12 months of the payment date.

Carry forward payments are tax deductible in the year you paid them. Chris is required to pay a super contribution for her sole employee by 28 April for Quarter 3 1 January — 31 March of Although her payment is after the due date, it is before the date her SGC assessment is made.

This notifies the ATO you elect to carry forward the payment. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement PDS or seek personal financial advice before making any investment decisions.

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Have you registered as an adviser with Sunsuper? You get access to Adviser Online and can request an advice fee. Register now. Employers who do not pay superannuation contributions for an employee for a quarter are liable to pay a penalty via the superannuation guarantee charge.

Employers must lodge their SGC statement and pay the charge by the due date. If the employer pays late, they may offset the SGC or carry forward as pre-payment of a future contribution. When a due date for payment falls on a weekend or public holiday, they can make the payment on the next working day. Once the employer lodges a statement and pays the SGC, the ATO will transfer the super guarantee shortfall amount and any interest to the employee's chosen super fund.