Ensure Timely Super Payments by Verifying Clearing House Processing Times

Check your commercial clearing house processing times to ensure your super payments arrive on time.

As an employer, it’s important to check your clearing house processing times to help ensure you meet your super guarantee (SG) payment due dates. Processing times vary and some clearing houses can take up to 10 days to process payments.

The super contributions you make for your employees are only considered ‘paid’ when the super fund receives them, not when your clearing house receives them.

If the super fund receives your payment after the due date, you’ll need to lodge a super guarantee charge (SGC) statement and pay the SGC or penalties may apply.

Find out more information on super payment due dates.

Need payroll help for your business?

Notch Above Bookkeeping are Certified Xero bookkeepers offering agreed-price monthly fees so you know exactly where you stand. No hidden extras and no ticking clock. Browse our range of Xero payroll services and get in touch on 1300 015 130 to discuss the plan which best suits the needs of your business.

Source: ATO