Has Covid impacted your ability to pay your staff Super?
If you continue to experience the impact of COVID-19, you may have missed regular super guarantee (SG) payments, paid late or not paid in full. This includes your employees' SG for the quarter ended 31 December 2020, which should have been received by your employees' fund by Thursday 28 January 2021. By law, the ATO cannot extend the due date to pay super. If you missed the 28 January deadline to pay your quarterly SG contributions, you need to lodge a superannuation guarantee charge statement to the ATO by Monday 1 March 2021 to avoid penalties. If you have partially paid or can't pay your SG in full, Aspen can work with you to set up a payment plan that suits your circumstances.
The superannuation guarantee charge is different to the regular contributions you pay and is made up of:
SG shortfall amounts
interest on those amounts (currently 10%)
an administration fee of $20 per employee, per quarter.
Significant penalties can apply if you don't lodge a statement by the due date, so contact us today if you need assistance.
LEVEL 2, 102 BEAUFORT ST
PERTH WA 6000
PO BOX 8262
PERTH BUSINESS CENTRE
PERTH WA 6849
P +61 8 9228 0700
F +61 8 9228 0706 ADVISOR@ASPENCORP.COM.AU