Super Guarantee for June Quarter Due by 28 July
Employers are reminded that superannuation contributions for the June quarter are due soon. To comply with superannuation laws, contributions for the period of 1 April to 30 June 2025 must be received by your employees’ super funds no later than Monday, 28 July 2025. This deadline is critical, and missing it could result in significant penalties.
From 1 July 2025, the Superannuation Guarantee (SG) rate has increased to 12 per cent. This change means employers must now contribute a larger percentage of eligible employees’ ordinary earnings into their super funds. If your payroll systems have not yet been updated to reflect this increase, it’s important to do so immediately.
If contributions are not received by the super fund by the due date, you may be required to lodge a Superannuation Guarantee Charge (SGC) Statement with the ATO. This charge includes the unpaid super amount, interest, and an administrative fee. Unlike standard SG contributions, the SGC is not tax-deductible, making late payments more costly.
To avoid penalties, ensure your payroll software has been updated, plan payments ahead of time, and consider using the ATO’s Small Business Super Clearing House if you need to make payments to multiple funds. If you’re unsure whether your business is up to date with super obligations, we can assist with a quick review and help you implement any changes needed. Get in touch with us on 1800 618 800 or via admin@simmonslivingstone.com.au.
