au Your entitlement to super as a worker, how to make extra voluntary contributions, and how to keep track of your super. au/super TAX 1 Plus Medicare levy. Tax offsets. Find out more about searching for lost super on the ATO website. If you are eligible for LISTO, the ATO automatically refunds $500 into your super account. The super guarantee rate is currently 11% of ordinary earnings. Payments from super. She made a personal contribution of $10,000 to her super. $4,145 if employee contributions of $7,000 are made. Contributions caps. Before-tax super contributions cap. 2 million for consultation and co-design. The general concessional contribution cap is $27,500 per person. You can boost your retirement savings by making voluntary super contributions, such as by: setting up a salary sacrifice arrangement with your employer. Non-resident foreign income. Division 293 tax. Division 293 tax may reduce the tax concession on super contributions for individuals. super fund details before making a super contribution. EFT or BPAY direct to the fund Example: 2 part tax offset for spouse super contributions. Rates and thresholds apply to contributions, employment termination payments, super guarantee and co-contributions. Manage reportable super contributions . The fundamentals behind the ‘carry forward’ unused cap rules are outlined below. The Government will provide $40. small business retirement exemption. SuperStream. You can use the ATO super co-contribution calculator to find out how much you may be eligible forIf you have paid super guarantee late, you are: required to lodge an SGC statement; liable to pay the super guarantee charge (SGC). Being paid the right amount of super and making extra contributions. For more information visit ato. Module 4: Calculating super guarantee. Contribution caps are the limits on how much you can pay into your super fund each financial year without having to pay extra tax. gov. Australia's superannuation system is the main way most people save for their retirement. Eligibility. The concessional contributions cap was temporarily increased to $35,000: for the 2013–14 financial year if you were 59 years or over on 30 June 2013. If possible, try to resolve your complaint by discussing it with your employer before reporting them. the taxable value of the car fringe benefit will be $7,000 (which is the cost of the car multiplied by the statutory rate, in this case $35,000 × 0. From 1 July 2020 to 30 June 2022, if you were aged 67 to 74 and your TSB was below $300,000 at the end of the previous year, you can make voluntary super contributions for 12 months from the end of the financial year in which you last met the work test. If you have exceeded your concessional contributions caps. If your total income is equal to or less than the lower threshold and you make personal non-concessional contributions of $1,000 to your super account, you will receive the maximum co-contribution of $500. You can choose to make personal super contributions to save for your retirement. If your employee's details are incorrect, their super fund may:. Find out what amounts you need to include in which worksheets. You did not exceed your non-concessional contribution cap. you may miss out on a super co-contribution, if eligible. Before-tax contributions are generally taxed at 15%, unless you: earn more than $250,000 p. You typically pay 15% tax on your super contributions, and your withdrawals are tax-free if you’re 60 or older. You should also contact your super fund to discuss: the contributions that were made; how a contribution cap was exceeded. Super co-contribution. Contributing more than the caps to your super may mean having to pay extra tax. on the investment earnings in the fund, which in the. Step 2: Collect employee information. the higher income threshold was set at $15,000 above the lower income threshold. Start the course now. There is no limit to how much super employees can contribute each year. ato Go to. a. Information you need. If your total income is equal to or less than $43,445 in the 2023/24 financial year and you make after-tax contributions of $1,000 to your super fund, you’ll receive the maximum co-contribution of $500. Older super fund members who want to make a large non-concessional contribution into their super account can now do so from 1 July 2022, after the Treasury Laws Amendment (Enhancing Superannuation Outcomes) Regulations 2022 became law. An eligible, active super account is one that: is held by a living person. Step 2: Apply that proportion to calculate the tax-free component of Peter’s lump sum as follows: $50,000 x 25% – $12,500. 18 years or older, you pay it regardless of how many hours they work. The super fund pays the $47,000 to the ATO in compliance. You must have a nominated (default) super fund and pay your employees super into this fund if: your employees do not choose a fund, or are not eligible to choose one, and. You will need to wait until your employer marks your income statement as 'Tax ready' before you prepare and lodge your tax return. An LPO can only be used for contributions paid before you receive an SGC assessment. 5%. They exclude compulsory employer contributions, such. Division 293 tax. Personal superannuation contribution deduction – notice of intent to claim (NOI)Adding to your super. The tax must be paid from the super fund and the ATO will issue a compulsory commutation notice to the fund who will pay the tax to the ATO. They need to be reported to the Australian Taxation Office since the ATO uses them to calculate tax concessions, taxes, Centrelink benefits, and a range of other thresholds. Super paid after a person's death is called a 'super death benefit'. Work through the 8 modules in the order listed below: Module 1: Overview of superannuation. Government super contributions. OTE is the amount you pay employees for their ordinary hours of work, including things like commissions and shift loadings. For 2023/24 the maximum superannuation contribution base is $62,270 per quarter. select Super, then Manage, then Transfer super. The exception is downsizer contributions, which you could make if you were 65 years or older. Government super contributions. The actual amount of tax will depend on various factors such as your age, the. salary and wages to work out the super guarantee charge. Your super contributions for the current quarter (ending 30 June, due by 28 July 2023) are still calculated at the 10. Module 2: Working out if you must pay super. it will be harder to keep track of your super. Payments from super. If you meet the eligibility requirements, you can have these voluntary. Work out how much super to pay with the Australian Taxation Office's (ATO) super guarantee contributions calculator. If your income and super contributions combined are more than $250,000, you pay Division 293 tax, an extra 15%. Insurance premiums are contributions. gov. However, this figure is indexed by CPI and the ATO has confirmed. You did not exceed your non-concessional contribution cap. Personal super contributions made on or after 1 July 2017. For most people, 15% is lower than the marginal tax rate you pay on income. These contributions are also known as non-concessional contributions, voluntary contributions or personal super contributions. There are some exceptions. Find out about caps on contributions to defined benefit funds and constitutionally protected (CPF) funds. You were under 71 years old on 30 June 2022. To claim a deduction, you must first give your super fund or RSA provider a valid notice of intent and receive an acknowledgment form from your. Contributions you make to your spouse's super are treated as their non-concessional contributions, whether or. Module 2: Working out if you must pay super. If your income and concessional super contributions total more than $250,000, check if you have to pay Division 293 tax. Concessional contributions can come from several sources, these being from your employer, from pre-tax salary. for personal super contributions visit the Australian Taxation Office (ATO) website at ato. Once you lodge your tax return for the 2023-24 financial year, the ATO will pay any eligible co-contributions into your First Super account automatically. This means the before-tax contributions made to a super fund – these are taxed at a lower (i. Make sure your super fund has your tax file number (TFN). The super guarantee charge (SGC) applies when employers don’t pay the minimum amount of super guarantee (SG) for their eligible employees to the correct fund by the due date. 28 April 2024. 1 April – 30 June. You can boost your retirement savings by making voluntary super contributions, such as by: setting up a salary sacrifice arrangement with your employer. gov. He indicates that he’d like to split $5,000 of his employer contributions. As an employer, the most common type of super contribution you will be making is your quarterly SG contribution obligation. Rates and thresholds apply to contributions, employment termination payments, super guarantee and co-contributions. You can check your employer is paying your super by: using ATO online services through myGov or the ATO app to see contributions your employer has made to your super fund; contacting your employer to ask how much they've paid. Division 293 tax. gov. If you are eligible for LISTO, the ATO automatically refunds $500 into your super account. If you are entitled to super, but believe your employer has not been paying enough, you can: use our Estimate my super tool to calculate how much super your employer should have paid. You can boost your retirement savings by making voluntary super contributions, such as by: setting up a salary sacrifice arrangement with your employer. Super funds that are not SMSFs at the end of 2020–21 must use the Fund income tax return 2021 and, where required, report contributions and member account balances separately. Ben’s concessional contributions cap. The low-rate cap is a limit on the amount that can be taxed at the concessional super rate of 15%. Nil if your Total Super Balance is greater than the transfer balance cap ($1. Payments from super. They are taxed at a flat rate of 15% in your super fund. Division 293 tax may reduce the tax concession on super contributions for individuals. Worksheet 2; Row. It is generally taxed at a lower rate than your regular income. to help consolidate super accounts within and across funds. the higher income threshold was set at $15,000 above the lower income threshold. Key takeaways: Concessional contributions are contributions made into your super before-tax. Acknowledging notices. Step 4: Report unpaid super. The exception is downsizer contributions, which you could make if you were 65 years or older. A concessional contribution is defined as a contribution to your super fund before tax. For individuals between 67 and 74 wishing to claim a tax deduction for their super contributions, the ATO will administer the work test when the tax return is lodged. Super contributions. The minimum super you must pay is the super guarantee percentage of the worker's ordinary time earnings. 5% for each $1 over $45,000 (in addition to $5092 in tax). This is called a downsizer contribution to super. we advise you that your employees do not have a stapled super fund. we advise you that your employees do not have a stapled super fund. Adjustments. Claiming deductions for personal super contributions. Reportable superannuation contributions are contributions made into superannuation over and above mandated super contributions. Aged under 75*. Complete sections A, B and C of your Voluntary release authority and statement for excess contributions tax form and send it to the super fund you nominate in section B. 0 million for the ATO to improve data matching capabilities to identify and act on cases of SG underpayment by employers and $13. you exceed the concessional or non-concessional contribution caps. At the Income tests heading: Enter at Tax-free government pensions or benefits the total amount of tax-free pensions and benefits you received during 2021–22. This is the maximum you can contribute in any one financial year. 5% in 2022–23). This effectively reduces your taxable income, meaning you pay less tax on your income. Use ATO online services to keep track of your super, including accounts you may have forgotten or lost touch with. the maximum co-contribution entitlement was set at $500. making personal super contributions (and a non-concessional contribution may make you eligible for the government's super co-contribution) transferring any super you. SuperStream. The normal annual contribution caps apply. The 12% employer super contributions are not reportable because the employees have no influence over the contribution rate. Division 293 tax may reduce the tax concession on super contributions for individuals. The reform lifts the cut-off age for using the bring-forward rule to under 75 from under 67. Note: Payments may take up to 7 business days to be transferred through the ATO and super fund before they reach the employee's super fund account. Nil if your Total Super Balance is greater than the transfer balance cap ($1. Non-employer contributions. Module 1: Overview of superannuation. You may be able to choose the super fund your SG contributions are paid into. nominal interest of 10% per annum (accrues from the start of the relevant quarter) an administration fee of $20 per employee, per quarter. The 2021–22 concessional contributions cap is $27,500 unless you carry-forward unused concessional contributions amounts from previous financial years. Module 4: Calculating super guarantee. Rates and thresholds apply to contributions, employment termination payments, super guarantee and co-contributions. You must report extra super contributions you make for your employees to the ATO. Division 293 tax is an additional tax on super contributions, reducing the tax concession for individuals whose combined income and concessional contributions for Division 293 purposes is more than $250,000. lodged an SGC statement. Provide employees' TFNs to their funds. Key takeaways: Concessional contributions are contributions made into your super before-tax. It includes information sourced from: the income tax returns of individuals, companies, super funds, partnerships and trusts. Super contributions to defined benefit and constitutionally protected funds. How much you can contribute. The Superannuation (Government Co-Contribution For Low Income Earners) Act 2003 Section 11 provides that if a calculated amount is less than $20, the amount of the co-contribution is to be increased to $20. Calculate the tax-free and taxable proportions of Peter’s super interest ($400,000) just before the benefit is paid: Tax-free component of $100,000 = 25%. retirement phase are tax-free – subject to a lifetime limit on the amount you can transfer into retirement phase (your transfer balance cap) on withdrawal, as explained in this page. You need to calculate super contributions at 11% for your eligible workers for payments of salary and wages you make from this date. DECEMBER 2022 Page 1 of 4 Claiming a tax deduction for personal super contributions CLAIM A TAX DEDUCTION 1 Complete the Notice of intent form on pages 3 and 4. Lodge your tax return so we can check if you are eligible for a super co-contribution payment up to $500. Adjustments. The first is to release the excess amount from your superannuation and pay personal tax on an. super fund details before making a super contribution. Division 293 tax may reduce the tax concession on super contributions for individuals. Concessional contributions can come from several sources, these being from your employer, from pre-tax salary. you are aged less than 65 years. 28 April. The tax offset for eligible spouse contributions can't be claimed for super contributions that you made to your own fund, then split to your spouse. If you did not have a spouse for the full year, print X in the No box at L and write the dates you had a spouse in 2021–22 at M and N. Overview. Super co-contributions work by the ATO adding up to $500 to your super fund if you have made any non-concessional contributions, again, subject to you meeting certain eligibility criteria. your fund can't accept personal contributions. Contributions for spouses or children. Why and how to pay yourself super. 7 million on 30 June of the financial year before the one in which you want to make your contribution. Julie lodges an income tax return which includes tax deductions of $1,000, resulting in an adjusted taxable income of $31,000 ($32,000−$1,000). Module 4: Calculating super guarantee. You can contribute a total of up to $27,500 (concessional contributions cap) before tax each financial year from 1 July 2021. Answer. This means you pay the 15% super tax on your contribution. 4 min read. 6 million. $3,000. SuperStream is the way all employers must pay employee superannuation guarantee contributions to super funds. The following table illustrates how salary sacrificing. You can boost your retirement savings by making voluntary super contributions, such as by: setting up a salary sacrifice arrangement with your employer. Downsize your home and put money into super If you've owned your home for more than 10 years and you sell it, you may be able to contribute up to $300,000 per person, or $600,000 per couple, from the sale to your super. contributions you make to a foreign super fund for super benefits for an employee where the employee is a temporary resident when the contribution is made payments you make to a retirement savings account held by an employee. There are other eligibility criteria you must meet. gov. Division 293 tax is charged at 15% of the excess over the threshold or the taxable super contributions, whichever is less. Summary. Employee age – for employees who are. The annual cap for concessional contributions is $27,500 for the 2023–24 tax year. DinahUse the Super guarantee opt out for high income earners with multiple employers form (NAT 75067) to apply for a SG employer shortfall exemption certificate. Too easy! eligibility for the super co-contribution. How super fund members can claim or vary a deduction for personal contributions made after 1 July 2007 (NAT 71121). Hybrid funds can provide:for personal super contributions visit the Australian Taxation Office (ATO) website at ato. Paying your employees the right amount of super. If your contributions amounts go over these caps, you may have to pay extra tax. Peter contributes $330 for the July to September quarter to Sue’s super fund by the quarterly due date of 28 October 2023. Module 1: Overview of superannuation. The ATO calculates if you are eligible for a co-contribution payment and pays the amount directly into your super account. making personal super contributions (and a non-concessional contribution may make you eligible for the government's super co-contribution). bring-forward arrangement for non-concessional contributions; total super balance. Payments from super. There are 2 types: Reportable employer superannuation contributions; Reportable personal concessional contributions. To claim a deduction for your personal super contributions, you must give your super fund a notice in the approved form and get an acknowledgement from the fund. Your total income for 2021–22, was less than $56,112. 4 min read. Division 293 tax is an additional tax on super contributions, reducing the tax concession for individuals whose combined income and concessional contributions for Division 293 purposes is more than $250,000. Your personal non-concessional contribution cap may vary depending on factors such as the amounts you’ve contributed in previous years as well as your eligibility to access the bring forward arrangement. You are entitled to a tax offset of up to $540 for 2021–22 if: the sum of your spouse's assessable income (excluding any assessable First home super saver released amount or COVID-19 early release of superannuation payment), total reportable fringe benefits amounts and reportable employer superannuation contributions was less than $40,000 By using ATO online services, you can keep track of your super. Contributions made by an employer that are personal contributions. The concessional contributions cap includes employer contributions, as well as any salary sacrifice contributions you make. 31 March 2024. Super contributions to defined benefit and. You only need to do this if you missed paying the minimum super. Reportable employer superannuation contributions are additional to the compulsory contributions your employer must make. Defined benefits and constitutionally protected funds. Learn about your super guarantee employer obligations by completing our online course. You can find your income statement in ATO online services through myGov or the ATO app. Step 4: Report unpaid super. the maximum co-contribution entitlement was set at $500. You were under 71 years old on 30 June 2022. Request to adjust concessional contributions. tax deductible. Use this tool to check if you are. au/forms Annual contributions limits apply – see page 4. There are other eligibility. you're a high-income earner. the total of your contributions for your spouse for the year. the time they lodge their personal income tax return for the financial year during which the contribution was made. Your superannuation investment grows through: your employer's compulsory super guarantee contributions (concessional contributions) any voluntary contributions out of your pre-tax income, such as salary sacrifice and personal contributions you're allowed as an income tax deduction ( concessional contributions). Super contributions to defined benefit and constitutionally protected funds. But these contributions are still taxed within your super fund, but at a rate of 15%, which is lower than most people’s marginal tax rate, the ATO says. But these contributions are still taxed within your super fund, but at a rate of 15%, which is lower than most people’s marginal tax rate, the ATO says. Personal contributions – deductions. How to complete your tax return or refund of franking credits application using myTax. Last modified: 26 Apr 2023 QC 72189. Your employee benefits because the salary-sacrificed amount is: taxed in the super fund at the concessional rate of 15%, which is usually less than the PAYG tax rate. As of 17 April 2020, these calculators will use a single set of assumptions. You may be able to claim a tax offset of up to $540 per year if you make a super contribution on behalf of your spouse (married or de facto) if their income is below $40,000. If you have a tax file number (TFN) you can make personal super contributions into a super fund of your choice and you may: be able to claim a tax deduction for your super contributions; be eligible for the low-income super tax offset; be eligible for the super co-contribution on contributions you don't claim a deduction forThe super guarantee charge (SGC) applies when employers don’t pay the minimum amount of super guarantee (SG) for their eligible employees to the correct fund by the due date. 1. phone the National Relay Service on 13 36 77 (if you have a hearing, speech or communication impairment). or more you pay 30% tax. Growing your super. Super contributions optimiser. SG contributions should be paid to one of the following: Employee's chosen fund Employee's stapled super fund Other fund that meets your choice of fund obligations. An example of a reportable employer superannuation contribution is a contribution made on your behalf under a salary sacrifice arrangement. GST. 6 million on 30 June of the year before. Reportable superannuation contributions are contributions made into superannuation over and above mandated super contributions. Your foreign employment income isn't taken into account in working out your entitlement to a deduction for personal super contributions, however you still need to meet the other eligibility. Check if you have to pay super for your employees, including contractors and workers under 18. Your total superannuation balance at 30 June 2021 was less than $1,600,000. Many Aussie employers are required by law to make superannuation guarantee (SG) contributions for eligible employees every financial quarter. 3 min read. ensure if it is a variation notice, that it does not increase the amount to be claimed. Opinion. See super co-contribution on the ATO website. If you’re a low-income or middle-income earner, you may be eligible for super contributions from the Australian Government. Non-resident foreign income. Employee age – for employees who are. to help consolidate super accounts within and across funds. If you use any unused concessional contribution cap amounts and your total super balance just before the start of the financial year is $500,000 or more, you may receive an excess concessional contributions notification from the ATO. Your employer must pay SG contributions into your super account at least every three months. Check when to use this workbook and why we need the information, and how to get it in a portable document format (PDF). a. If you have paid super guarantee late, you are: required to lodge an SGC statement; liable to pay the super guarantee charge (SGC). You may be able to elect to receive a late payment offset (LPO). The MSCB for 2023–24 is $62,270 per quarter ($249,080 per year), which equals a maximum SG contribution by your employer of $6,849. 2022-23. For eligibility criteria visit ato. Module 5: Paying super contributions. A couple, George and Jane, sell their home for $800,000. Contributions caps. You need to be less than 71 years old by the end of the financial year and meet certain lower and higher income thresholds, which vary depending on the. The concessional contributions cap includes employer contributions, as well as any salary sacrifice contributions you make. making personal super contributions (and a non-concessional contribution may make you eligible for the government's super co-contribution) transferring any super you have. Work through the 8 modules in the order listed below: Module 1: Overview of superannuation. Try the updated ato. Instructions; More informationIf you were under 67 years of age during the financial years 2020–21 and 2021–22, your fund could accept all types of contributions. The minimum SG is calculated as a percentage of each eligible employee’s earnings (ordinary time earnings) to a complying super fund or retirement savings account (RSA). (An exception is the ATO charges 30% if your income plus super is more than $250,000/year. All tax calculations should be performed by a qualified tax accountant. Super guarantee contributions for quarter 3, 2023–24 (1 January – 31 March 2024) to be made to the fund. Medicare and private health insurance. Julie lodges an income tax return which includes tax deductions of $1,000, resulting in an adjusted taxable income of $31,000 ($32,000−$1,000). The salary packaging provider calculates that: the taxable value of the car fringe benefit will be $7,000 (which is the cost of the car multiplied by the statutory rate, in this case $35,000 × 0. 0 million for the ATO to improve data matching capabilities to identify and act on cases of SG underpayment by employers and $13. It still applies if you want to claim a personal super contribution deduction. If the stapled super fund account provided by us can't accept contributions for the employee, you should make another request for the employee’s stapled super fund via ATO online services. Eligibility. This is now reviewed annually to. They need to make sure the respective super funds receive these contributions before the due date specified by the Australian Taxation Office (ATO) for that quarter. au/super TAX 1 Plus Medicare levy. The ATO sends an excess non-concessional contributions tax release authority to Vinnie's super fund instructing them to release $47,000 from his super. With SuperStream money and data are sent electronically in a standard format. Check which earnings qualify for super and use the super guarantee calculator to work out the amount. If your spouse died during 2021–22 and you did not have another spouse on or before 30 June 2022. Deductions. Claiming a tax deduction on your after-tax contribution essentially changes it to a before-tax contribution. 2 million to the Australian Taxation Office (ATO) in 2023–24. 5% rate for payments of salary and wages made prior to 1 July. If your income and concessional super contributions total more than $250,000, check if you have to pay Division 293 tax. The super fund pays the $47,000 to the ATO in compliance. 3 min read. Deductions for personal super contributions. Before 2020–21, the age limit for accepting all types of contributions was 65 years old. If your super contributions exceed the limit you may be required to pay excess contributions tax of up to 47%. What you can do and see in ATO online; Viewing your super accounts; Your account balances; YourSuper comparison tool; Things to consider before transferring; Transferring your super; What you can do and see in ATO online. Check which earnings qualify for. Your employer is required to make SG contributions into your super account of $3,780 ($36,000 x 10. Individuals can re-contribute amounts they withdrew under the COVID-19 early release of super. Employers who don't pay SG contributions in full by the due date (28days after the end of the quarter) or into the right fund must pay the super guarantee charge to us. Funds must allocate contributions to a member’s account within three business days. This decision tool helps determine if your employees are eligible for super guarantee (SG), including any contractors treated as employees for super purposes. Module 7: Reducing the risk. These contributions are taxed at 15%. If you do claim it as a tax deduction, the contribution will be recorded as a concessional contribution. Individuals can re-contribute amounts they withdrew under the COVID-19 early release of super. For more information, see: Non-concessional contributions cap. Step 1: Add up the reportable employer superannuation contributions amounts shown at question IT2 – label T on your spouse’s tax return. Rates and thresholds apply to contributions, employment termination payments, super guarantee and co-contributions. Government contributions superannuation (super) recovery notices are sent to funds to advise them of members who have received an overpayment from us. Source: ato. Terms and. the amount of ATO-held super is $200 or more. Do not send the form to us. If an employee doesn’t provide you with the correct details, or the fund can’t accept your contributions, you will need to request their stapled super fund details from the ATO. You can also make payments more frequently than quarterly, for example fortnightly or monthly. Your total income Your contribution Co-contributions $43,445 or less $1,000 $500 $45,445 $800 $400 $49,445 $600 $300 $51,445 $400 $200 $55,445 $200 $100 $58,445 or more $0 $0 – not eligible The figures in the above table are approximate only. 20 =$7,000) and. 2. Before 2020–21, the age limit for accepting all types of contributions was 65 years old. If your employee's details are incorrect, their super fund may:. Low income super tax offset. If possible, try to resolve your complaint by discussing it with your employer before reporting them. If they fail to do so,. From 1 July 2021 the general concessional contributions cap is $27,500 as a result of indexation in line with average weekly ordinary time earnings (AWOTE). If you don't claim a tax deduction for them. myTax instructions 2023. With SuperStream, money and data are sent electronically in a standard format. For most people, super begins when you start. Set up your systems to pay super contributions electronically to the right fund. After-tax super contributions are a great way to invest the extra money from a pay rise, bonus or inheritance. Module 3: Setting up super for your employees. The small business CGT concessions allow you to reduce, disregard or defer some or all of a capital gain from an active asset used in a small business. By registering with these funds, you agree to. If you do not pay minimum SG contributions for quarter 1 by this date, you must pay the super guarantee. you are aged less than 65 years. The quarterly MSCB does not apply to other mandated contributions, such as super contributions you are paid under an industrial award or enterprise agreement. Calculation. 6 million on 30 June of the year before. cannot be used as a contribution for the current quarter or future quarter's super contributions. The Super guarantee (SG) contributions calculator tool helps you work out the superannuation guarantee amount to pay to your employee's super fund. au. APRA regulated funds report contributions to the ATO when received and 30 June balances by 31 October, and the ATO will make the determination following receipt of this information. Extra contributions may include salary sacrificed.