Superannuation – Due Dates
It is a legal requirement that superannuation for eligible employees be paid 28 days after the end of each quarter.
Super which is not paid after this date incurs interest, administrative penalties and is no longer tax deductible.
For the payment to be deductible, the superannuation fund will need to receive the contribution by the due date.
But what happens when a due date falls on a weekend or public holiday?
According to the ATO, when a due date falls on a weekend or public holiday the payment can be received by the superannuation fund on the next working day and still be deductible.
With this in mind, CrossCorp still recommends that you pay your super with a few days grace.
Click the following link for more details https://www.ato.gov.au/Business/Super-for-employers/Paying-super-contributions/When-to-pay-super/
