Why Paying your Super on time is so Important

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If payment of superannuation guarantee is made late, the expenditure is not deductible in the tax return; and when superannuation guarantee has not been paid by the due dates, the Australian Taxation Office (ATO) requires you to pay nominal interest charge and administration fees in addition to the superannuation guarantee using the required superannuation guarantee charge statements

So it’s helpful to pay your super on time and save yourself time and money!