Hi
I've recently completed and paid a Super Guarantee Charge to ATO for several periods of late super payments to employees.
How does that money go to the employees correct super funds?
Is there something for the employee to do to receive that money?
Aaron
Hi @aarondwyer,
If there wasn't a section on the SGC form to include the fund details for your employees, we can use the end of financial year records the super funds send us. This way we can work out where the payments need to go.
The employees don't need to do anything unless they want to nominate a different super fund. They can change these details pretty easily by using ATO online, or by calling us.
It can take up to 28 days for us to process the form, and once it's credited to the employee's account we can issue the payment to the super fund on the next scheduled pay run (which is scheduled on a twice a month basis). Once we know if the super fund have accepted or declined the payment, we'll send a letter to the employee. So the time it takes for them to get a letter can vary, depending on how long these above steps take.
Hi @aarondwyer,
If there wasn't a section on the SGC form to include the fund details for your employees, we can use the end of financial year records the super funds send us. This way we can work out where the payments need to go.
The employees don't need to do anything unless they want to nominate a different super fund. They can change these details pretty easily by using ATO online, or by calling us.
It can take up to 28 days for us to process the form, and once it's credited to the employee's account we can issue the payment to the super fund on the next scheduled pay run (which is scheduled on a twice a month basis). Once we know if the super fund have accepted or declined the payment, we'll send a letter to the employee. So the time it takes for them to get a letter can vary, depending on how long these above steps take.
Thank you for answering my question so clearly and quickly. I couldn't find this information on the SGC info pages of the website.
I also asked this question in the online services for business secure messaging twice and did not get a response. So I'm glad this community forum exists.
I submitted the SGC on 14 June 2024. So I'll keep an eye on it.
Aaron
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