Superannuation Deadline ‘SG’ Approaching
Don’t Miss the 28 January Cut-Off
Ensure Compliance with the 11.5% SG Rate to Avoid Penalties and Interest
Employers are reminded that employee superannuation contributions for the quarter ending 31 December 2024 must be received by the relevant super funds by 28 January 2025.
If the correct amount of SG is not paid by an employer on time, they will be liable to pay the SG charge, which includes a penalty and interest component.
The SG rate is 11.5% for the 2025 income year.
Speak to us — we can offer you affordable, reliable bookkeeping services that not only ensure your financial data is up-to-date but also that it’s correctly coded saving you money on your end of year financial returns. Contact Omnis Business Accountants on 08 9380 3555 for a free, no-obligation quote.