Coming Up Mon 9:00 PM  AEST
Coming Up Live in 
Live
Punjabi radio
SBS PUNJABI

ATO Tax Talk May 2018 – Super obligations for employers

This information is brought to you by the Australian Taxation Office.

Paying super is an important part of being an employer. Here’s an audio feature that explains superannuation obligations for employers.

Jagjit Singh, the Community Relations Officer at ATO provided a quick check on what needs to be done if you are an employer.

“Check you’re paying for the right people. You need to pay super for all of your eligible workers. Most employees and some contractors are eligible for super,” said Mr Singh.

“Check you’re paying the right amount. Currently, you need to pay a minimum of 9.5% of their ordinary time earnings.

“It should be paid on time. At a minimum, you need to pay super quarterly. Some super funds, awards or agreements may require more frequent payments.

“You need to check if you’re paying to the right place. You must pay super into a complying super fund or Retirement Savings Account. Your workers may be entitled to choose their own fund, and if so, you must offer them a choice of fund.

“It has to be paid the right way. All employers must use SuperStream when paying super. This allows you to send your super payments electronically; paying all of your employees’ super and sending all their information though one channel. It’s easier and will save you time.

“And of course, you need to keep records to show you’ve met your obligations, including how much you paid, when you paid, and that you offered a choice of fund.

ATO has a range of online tools and calculators to help you understand your super obligations in more detail. Visit ato.gov.au/superquickcheck to find out more information.

Follow SBS Punjabi on Facebook and Twitter

Coming up next

# TITLE RELEASED TIME MORE
ATO Tax Talk May 2018 – Super obligations for employers 23/05/2018 07:03 ...
Punjabi Poetry Review: 'Harfan De Parchhawein' by Veer Sipahi 20/09/2019 12:20 ...
Baba Budha Ji Jorh Mela: Sikh community ready to host 3rd annual sports meet in Melbourne 20/09/2019 04:09 ...
Meet Deepak-Raj Gupta, ACT's first India-born parliamentarian 20/09/2019 11:10 ...
PM Modi lauds Bollywood film for going plastic-free 20/09/2019 05:08 ...
Government wants to ban mobile phones in all Australian schools 20/09/2019 03:46 ...
Interpreters working with domestic violence victims rue lack of support 19/09/2019 08:07 ...
Sikh temple helps young migrant family for cancer treatment 19/09/2019 13:45 ...
'Education is a service, not an industry': Vice-Chancellor Deep Saini 19/09/2019 21:32 ...
Melbourne cricketer Jay Jhamb shines as Australia wins Trans-Tasman series 18/09/2019 13:59 ...
View More