Contribution cut-off dates for employers

Super guarantee (SG) contributions for the quarter ending 30 June are due by 28 July and penalties apply if this deadline is missed.

However, if you want to ensure that SG contributions, or any personal contributions made by Spirit Super members, are counted in the 2020-21 financial year, we need to receive them by 30 June.

If you use Spirit Super’s clearing house, or another QuickSuper clearing house

EFT payments and the file must be lodged before 4pm AEST on Tuesday 29 June 2021.

If you use a different clearing house

You may need to allow 3 – 10 business days for this payment to be sent from your clearing house to Spirit Super in time for the 30 June 2021 cut-off. We recommended that you check directly with your clearing house to confirm the processing times for your contributions.

Why is it important to meet super guarantee cut-off dates?

If contributions aren’t processed into a member’s account by the required deadlines, they’ll cross over to the 2021-22 financial year.

Why is this a problem?

Any contributions not received by Spirit Super by 30 June 2021 could possibly have tax implications for 2020-21. There are also caps on the amount members can contribute to super each year. There will be tax consequences if the contribution caps are exceeded.

For more information on when to make SG contributions, or associated charges for late payments, visit the ATO Super for Employers page.