It is important to make your employee contributions by the set cut-off dates for each quarter.
Super contributions (9.5% of an employee's ordinary times earnings) have to be paid at least four times a year, by the quarterly cut-off dates shown in the following table:
|Quarter||Period||Payment cut-off date|
|1||1 July – 30 September||28 October|
|2||1 October – 31 December||28 January|
|3||1 January – 31 March||28 April|
|4||1 April – 30 June||28 July|
When a cut-off date for payment falls on a Saturday, Sunday or public holiday, you can make the payment on the next working day after the cut-off date. If you pay a contribution by the quarterly cut-off dates, the payment is tax deductible.
Contributions may be more regularly than quarterly if required under an award/employment agreement or if you want to. For example, you can pay fortnightly or monthly, as long as the total super obligation for the quarter is paid by the quarterly cut-off date.