ACT NOW: Employer Super Contributions for Year Ended 30 June 2025
Employers please note, if you intend to claim a tax deduction in 2024/25 for your employees’ June 2025 quarter super contributions, please ensure you make the payment by no later than 20 June 2025 to allow adequate time for the contributions to be processed through the superannuation clearing house and allocated to your employee’s super accounts.
This is also a timely reminder for clients making employer contributions to their own or their employees’ SMSFs using the ATO’s SBSCH clearing house service. Please check that the bank details of the SMSF are up to date and correctly recorded by the ATO, otherwise payments may be rejected, causing further delays to the receipt of funds into the SMSF.
Otherwise please ensure the June quarter contributions are made by mid-July to ensure you meet the due date deadline of 28 July 2025.
Super Guarantee (SG) base rate rise 1 July 2025
The SG base rate is set from 1 July which will increase from 11.5% to 12%.
The maximum super contributions base is decreasing from the current year’s $65,070 per quarter to $62,500 per quarter for 2025/26. This means that employers are not obligated to pay Super Guarantee contributions for an employee with quarterly earnings that exceed this limit, unless contractually required to do so.
Employers should review their employees’ contractual and award arrangements to ensure their strategy to the payment increase is in accordance with their legal obligations.
Please contact Allan Hall HR on 1300 916 764 or [email protected] for assistance reviewing or interpreting your current employment arrangements.
Please note that software providers will be making the adjustment to their systems but, depending on your setup, if you have manually entered a rate you may need to adjust this.