SG super reminder | MRS Accountants

I trust you had an enjoyable festive season – but it is now time to focus on time critical obligations. So here is a quick Super Guarantee (SG) super deadline reminder.

Tuesday 28^th January is the end date for satisfying your SG super obligations for the December 2024 quarter.

Please make sure you do not confuse this obligation with the December quarter BAS. The December quarter BAS automatically has a one month extension to 28^th February . There are no extensions for reporting and payment of SG super.

Please note that super clearing houses can take up to 8 business days to pass the money through to the super fund. It therefore means that processing and payment to the clearing should be made as soon as possible.

We therefore recommend paying your Dec quarter super by Wednesday 15^th January.

And please make sure you have been calculating super at 11.5% since it increased on 1^st July 2024.

Please refer to our previous quarterly reminder as to what forms of remuneration are subject to and not subject to Superannuation Guarantee.

SG super should never be paid late as late payments attract substantial interest and penalties. Furthermore, SG (and BAS) liabilities that remain unreported and unpaid after 3 months automatically can become personal debts of directors.

We welcome any questions you might have.

At MRS, we will spend today planning for your success.