End of Financial Year is Fast Approaching – Make sure you pay your super on time!
End of Year Superannuation Payment Deadlines
Superannuation guarantee for the June 2025 quarter is due for payment by 28 July. However, to obtain a tax deduction in the 2025 financial year, the funds must be paid and applied to the members account before 30 June.
Check with your software provider regarding their payment deadlines. For example, if you are using Xero Auto Super, payment needs to be made by 2pm AEST 14 June in order to ensure these funds are applied to the members account in time.
From 1 July 2025 the superannuation guarantee will also increase to 12.% from 11.5%.
As the deadline for these changes comes closer, you will need to check that your payroll and accounting systems have been updated to correctly calculate superannuation guarantee payments for your employees.
Your service provider will be able to provide further information on how they will implement software changes to reflect the new requirements.
Please contact your 4Front Adviser if you have any questions or concerns.
Let’s build a future you can look forward to. Call us at (07) 3875 9888 or visit www.4front.net.au to get started today.