Superannuation

Looking after your superannuation is important for both you and your employees. It's all about securing a stable financial future, so it's not something you want to leave to chance. As an employer, there are legal obligations to consider, so it's crucial to get it right from the start to avoid any issues down the line. 


Employer superannuation contributions are considered wages and are therefore liable for payroll tax.  At Profit Services, our team of experts is here to help resolve any confusion and answer your questions regarding payroll and superannuation.

Contact Us

How Profit Services Can Help with Australian Superannuation

Are you ready to make sure you're meeting all your obligations for superannuation in Australia? At Profit Services, we can assist you with everything from calculating the super payable on your employees' wages, to ensuring it is paid on time. This benefits your employees and safeguards your business from potential penalties or audits. 


How Profit Services can help your business:

  • Calculate superannuation contributions payable on wages
  • Ensuring compliance with all regulatory requirements
  • Ensuring super is paid accurately and on time
  • Offering guidance on managing your retirement fund for optimal returns



Book an Appointment

Superannuation Frequently Asked Questions

  • What is superannuation in Australia?

    Superannuation, also known as ‘super’, is money put aside by your employer over your working life for you to live on when you retire. Your employer must contribute a percentage of your earnings into your super account, and your super fund then invests the money until you're ready to retire.


    You also have the option to make extra voluntary contributions (up to a certain limit) to boost your super savings. It's a fantastic way to secure your financial future.

  • How much is superannuation?

    Currently, the minimum superannuation guarantee (SG) rate employers must pay for each eligible employee is 11% of their ordinary time earnings (OTE). This superannuation rate will gradually go up to 12% on 1 July 2025. Remember, if you don't pay the correct SG amount by the quarterly due date, you'll have to pay the super guarantee charge. Stay on top of your payments to ensure your employees are cared for!

  • When do I pay my employees' super?

    It's super important for employers to make sure they pay their super contributions on time to steer clear of any penalties. The law states that employers must make payments at least four times a year, by the end of each financial quarter. The due dates for these payments are set at four weeks after the end of the quarter.

    • Quarter 1 (1 July - 30 September) = Due 28th October
    • Quarter 2 (1 October - 31 December) = Due 28th January
    • Quarter 3 (1 January - 31 March) = Due 28th April
    • Quarter 4 (1 April - 30 June) = Due 28th July

Contact Profit Services about Employee Superannuation and Payroll Services

If you need any assistance with superannuation contributions for employee payroll, contact Profit Services today!

Contact Us