Division 293 tax. Provide employees' TFNs to their funds. Paying super contributions for eligible employees, including how much to pay, how to pay and payment dates. If you have a spouse, their share of the net income of a trust on which the trustee must pay tax (under section 98 of the Income Tax Assessment Act 1936) and which has not been included in their taxable. Our annual publication, Taxation statistics, provides a comprehensive statistical summary of information taxpayers report to us. 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. offer eligible employees choice of super fund. your total super balance, which is relevant to how some key superannuation rules apply to you. Rates and thresholds apply to contributions, employment termination payments, super guarantee and co-contributions. Where possible, we will notify you if we do this. making personal super contributions (and a non-concessional contribution may make you eligible for the government's super co-contribution) transferring any super you. 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. See super. You can find your income statement in ATO online services through myGov or the ATO app. Information you need before using the tool. You can boost your retirement savings by making voluntary super contributions, such as by: setting up a salary sacrifice arrangement with your employer. 18 for each dollar the receiving spouse’s income is over the low-income threshold. Sam will sacrifice. Find out more about searching for lost super on the ATO website. You don’t need to notify your super fund or the ATO, or even fill in an application, as your super fund automatically reports all your contributions to the ATO. au Concessional contributions These are before tax contributions, such as productivity, salary sacrifice contributions and membersalary-sacrificed super contributions are classified as employer super contributions that are taxed in the super fund (instead of being employee super contributions from after-tax income). 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. The following table illustrates how salary sacrificing and. You did not exceed your non-concessional contribution cap. Superannuation guarantee (SG) contributions for your employees are due by 28 October. The super fund pays the $47,000 to the ATO in compliance. the matching rate was set at 50%. If you are eligible for LISTO, the ATO automatically refunds $500 into your super account. For quarters beginning on or after 1 January 2020, a salary-sacrificed contribution cannot be offset against the SGC. Last modified: 02 Aug 2023 QC 73085. 4 min read. Rates and thresholds apply to contributions, employment termination payments, super guarantee and co-contributions. Find, recover and consolidate lost super. 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. He indicates that he’d like to split $5,000 of his employer contributions. Those are: the SG rate increased from 10% to 10. The SG rate on the date the salary is paid applies. Division 293 tax may reduce the tax concession on super contributions for individuals. You need to calculate super contributions at 11% for your eligible workers for payments of salary and wages you make from this date. Before-tax super contributions cap. If possible, try to resolve your complaint by discussing it with your employer before reporting them. Contribution caps are the limits on how much you can pay into your super fund each financial year without having to pay extra tax. . Returning contributions. Offer employees a choice of super fund and keep records that show you've done this. See claiming deductions for personal super contributions on the Australian Taxation Office (ATO) website for detailed information. A member who intends to claim a deduction must notify you of this intent. making personal super contributions (and a non-concessional contribution may make you eligible for the government's super co-contribution) transferring any super you. $17,353 if no employee contributions are made. If not: contributions are taxed an additional 34%. 3. You can make a downsizer contribution up to a maximum of $300,000 (each spouse), but the contribution amount can't be greater than the total proceeds from the sale of your home. Your personal contributions must reach your super fund by 30 June for you to receive a government co-contribution for that financial year. It includes information sourced from: the income tax returns of individuals, companies, super funds, partnerships and trusts. Government super contributions workbook 2023. Your income statement will show your year-to-date: salary and wages. This lets us know the amount you’d like to claim. Your total superannuation balance at 30 June 2021 was less than $1,600,000. The clearing house distributes the payment to each employee's super fund according to your instructions. Check if you're eligible to receive super contribution payments from the government. 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. Claiming a tax deduction on your after-tax contribution essentially changes it to a before-tax contribution. the tax-free and taxable components of the super. ExamplesDefinition: Concessional contributions are taxed at the ‘concessional’ super rate of 15% for people on incomes up to $250,000. Summary. To be eligible to make catch-up concessional contributions the following must apply, noting that catch-up concessional contributions can be made on top of the annual concessional contributions cap ($27,500). You may be able to elect to receive a late payment offset (LPO). Although RESC are not included in your employee’s assessable income. Learn more about the low-rate cap. For example, if you want to make a carry-forward concessional contribution in 2023–24, your TSB must have been under $500,000 on 30 June 2023. From 1 July 2021, the non-concessional contributions cap is $110,000. the maximum co-contribution entitlement was set at $500. 28 January. If you've confirmed your super hasn't been paid correctly and completed all of the checks in the above steps, you can report your employer using our online tool. This is the maximum you can contribute in any one financial year. To be eligible to make catch-up concessional contributions the following must apply, noting that catch-up concessional contributions can be made on top of the annual concessional contributions cap ($27,500). Eligible small businesses can pay super for their employees through the Small Business Superannuation Clearing House. . Step 3. Maximum offset amount is reduced by $0. Contribution caps are the limits on how much you can pay. the contributions are out of your before-tax or post-tax income. If your spouse died during 2021–22 and you did not have another spouse on or before 30 June 2022. you're a high-income earner. Employee age – for employees who are. If a member is eligible, they can claim an income tax deduction for super contributions they make for their own benefit. By registering with these funds, you agree to. 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. accumulation phase are taxed at 15%. The SGC is made up of: super guarantee shortfall including. SuperStream is the way all employers must pay employee superannuation guarantee contributions to super funds. Step 2: Send the form to AustralianSuper via our contact us page or post. As an example, say your salary is $36,000. contribution rules they can add up to $300,000 each to their super accounts. au Additional tax and super considerations There are other circumstances that can affect how much you can contribute and the amount of tax you pay on your super, including spouse contributions offsets and downsizer contribution measures. After-tax contributions. For more information on the option to 'bring forward' non-concessional contributions over a three year period, refer to the ATO website at ato. Tax return for super funds with total income in excess of $2 million in latest year lodged (excluding large and medium taxpayers). For example, people earning between $45,001 and $120,000 pay a marginal tax rate of 32. The concessional contributions cap includes employer contributions, as well as any salary sacrifice contributions you make. 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. This is $1. Contributions over your non-concessional contribution cap may be taxed at the highest marginal tax rate, plus the Medicare levy. For more information on Treasury’s. Personal contributions – deductions. Check which earnings qualify for. Check if you need to report your super. Module 4: Calculating super guarantee. Find out about caps on contributions to defined benefit funds and constitutionally protected (CPF) funds. Find out about. An eligible, active super account is one that: is held by a living person. When a person dies, in most cases their super fund pays their remaining super to their nominated beneficiary. If your contributions amounts go over these caps, you may have to pay extra tax. 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. How to complete your tax return or refund of franking credits application using myTax. From 1 July 2017 to 30 June 2021, the concessional contribution cap for each year was $25,000. au Your entitlement to super as a worker, how to make extra voluntary contributions, and how to keep track of your super. $3,000. Contributing more than the caps to your super may mean having to pay extra tax. Super guarantee contributions for quarter 3, 2023–24 (1 January – 31 March 2024) to be made to the fund. Division 293 tax is charged at 15% of the excess over the threshold or the taxable super contributions, whichever is less. The minimum SG is calculated as a percentage of each eligible employee’s earnings (ordinary time earnings) to a complying super fund or retirement. Payments from super. If your income and concessional super contributions total more than $250,000, check if you have to pay Division 293 tax. 6 million. Contributions for spouses or children. If the rules of your super fund allow it, you can nominate the beneficiary for your super, by making a non-binding or binding nomination. you exceed the concessional or non-concessional contribution caps. 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. From 1 October 2021, to rollover any super to or from your SMSF, you will need to use SuperStream. Super provides income for your employees in their retirement. These contributions are taxed at 15%. 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. However, there are certain circumstances where you can contribute more than $27,500 in one year. This is the maximum you can contribute in any one financial year. Division 293 tax may reduce the tax concession on super contributions for individuals. Module 3: Setting up super for your employees. If the rules of your super fund allow it, you can nominate the beneficiary for your super, by making a non-binding or binding nomination. Contributing more than the caps to your super may mean having to pay extra tax. Growing your super. If your income and concessional super contributions total more than $250,000, check if you have to pay Division 293 tax. You don’t need to notify your super fund or the ATO, or even fill in an application, as your super fund automatically reports all your contributions to the ATO. 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. au. Generally, if your income plus super contributions is: under $250,000 p. made an SG payment to the stapled super fund before the due date and that payment was rejected. 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. The 12% employer super contributions are not reportable because the employees have no influence over the contribution rate. Why and how to pay yourself super. To report unpaid super contributions by your employer, you will need to provide your personal details (including your Tax File Number), the period you are checking and your employer’s details,. You may have to pay more tax if you exceeded the non-concessional contributions cap. Employment termination. Start the course now. You may be eligible to receive the low income contribution if you: receive. 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. Super contributions. Tax offsets. Try the updated ato. com. Dinah is self-employed and can claim a tax deduction Dinah is a self-employed cleaner and earns $55,000 each year as a sole trader. 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. If you are unable to access our ATO online services, you can check with your fund or phone us. the maximum co-contribution entitlement was set at $500. 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. You should be eligible for a Government co-contribution as long as: your total income for the 2023-24 financial year is less than $58,445But once you have a ‘total super balance’ of $1,700,000 you cannot make any further aftertax (non-concessional) contributions. Maximum before-tax contribution. You will need to wait until your employer marks your income statement as 'Tax ready' before you prepare and lodge your tax return. If they fail to do so,. 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. Concessional contributions can come from several sources, these being from your employer, from pre-tax salary. phone 1800 199 010 between 8:00 am and 6:00 pm, Monday to Friday (local time), except national public holidays. In the 2022–23 financial year, Julie’s employer makes a super guarantee contribution of $3,360 into her super fund. Employers can report reportable super contributions online through Single Touch Payroll (STP) or through a payment summary annual report. $4,145 if employee contributions of $7,000 are made. If your employee's details are incorrect, their super fund may:. the amount of $5,000 being less than 85% of the $10,000 contributed by his employer, and. Personal superannuation contribution deduction – notice of intent to claim (NOI) Adding to your super. Your employer must pay SG contributions into your super account at least every three months. Government super contributions. Aged under 75*. NGS Super Opportunities and limits for super contributions 2. you will have to pay Division 293 tax, which applies when your combined income and concessional super contributions for Division 293 purposes is more than $250,000. SuperStream is the way businesses must pay employee superannuation guarantee contributions to super funds. Your employer must pay SG contributions into your super account at least every three months. An LPO can only be used for contributions paid before you receive an SGC assessment. To manage super in your ATO online account follow these steps: Australian Taxation Office You can check your super balances, find lost super, compare super. Find out more about searching for lost super on the ATO website. You can choose to make personal super contributions to save for your retirement. Payments from super. The SG rate increased to 11% on 1 July 2023. bring-forward arrangement for non-concessional contributions; total super balance. Super contributions to defined benefit and constitutionally protected funds. 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). The minimum SG is calculated as a percentage of each eligible employee’s earnings (ordinary time earnings) to a complying super fund or retirement. In the 2022–23 financial year, Julie’s employer makes a super guarantee contribution of $3,360 into her super fund. 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. Rates and thresholds apply to contributions, employment termination payments, super guarantee and co-contributions. Additional eligibility requirements were added from 1 July 2017 which includes: having a total superannuation balance of less than $1. You were under 71 years old on 30 June 2022. Between 1 July 2020 and 30 June 2022, you could accept. Paying super contributions. Super guarantee. If you pay a worker, you are also required to pay them super guarantee: Amount of pay – you pay it regardless of how much they are paid – their earnings amount is not relevant. Carmel is 46 years old and her income is $38,000 in 2021–22. How super fund members can claim or vary a deduction for personal contributions made after 1 July 2007 (NAT 71121). To effectively administer the super system, it's important that tax file numbers (TFNs) are provided when contributions are made to a super fund or RSA. 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). These are generally: any contributions your employer made for you, including any salary sacrifice contributions. the maximum co-contribution entitlement was set at $500. 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. 5% rate for payments of salary and wages made prior to 1 July. Super may be taxed at 3 points in its life cycle: on contributions. Source: ato. whether you take the benefit as an income stream or a lump sum. Super contributions that come back to bite you (and how to avoid it) Personal top ups can trigger excess contribution edicts from the ATO, leading to a chain of unwanted consequences. Eligibility. Module 7: Reducing the risk. For those earning more than $250,000, an additional 15% tax may be payable on some or all your concessional contributions. 28 April 2024. Carmel and Adam are married and living together. /Individuals/Super/Growing-your-super/Adding-to-your-superReportable super contributions – the sum of. a separate payment transfer. Your SMSF must lodge an. 6 million on 30 June of the year. Module 4: Calculating super guarantee. Work through the 8 modules in the order listed below: Module 1: Overview of superannuation. How to complete this form. Contributions made by an employer that are personal contributions. How the super co-contribution scheme helps low or middle-income earners boost their retirement savings. To be eligible to make after-tax contributions, you must have less than $1. Module 4: Calculating super guarantee. for personal super contributions visit the Australian Taxation Office (ATO) website at ato. Employers will be able to check with the ATO to see if the employee has an existing super account. 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. Tax and restrictions on contributions. The fundamentals behind the ‘carry forward’ unused cap rules are outlined below. Summary Under an industrial agreement, Rodger's employer makes additional employer contributions for Rodger's benefit. 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. the contributions are out of your before-tax or post-tax income. 7 million. 7 million in super on June 30 of the previous financial year. 1. To be eligible to make after-tax contributions, you must have less than $1. See super co-contribution on the ATO website. 9 million from 1 July 2023) From 1 July 2021 to 30 June 2023, the Total Super Balance limit was $1. Find out more. 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. The Government will also set public targets for the ATO on. you may miss out on a super co-contribution, if eligible. Ben’s concessional contributions cap. You may be able to claim a deduction for personal super contributions you make to a complying super fund or retirement savings account (RSA). 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. Reportable superannuation contributions are extra money that you or your employer have paid into your super in addition to the mandatory super payments. ato Go to. If a member is eligible, they can claim an income tax deduction for super contributions they make for their own benefit. For example, people earning between $45,001 and $120,000 pay a marginal tax rate of 32. They exclude compulsory employer contributions, such. How much super to pay for contractors. Contributing more than the caps to your super may mean having to pay extra tax. 5% of Adnan's salary. Employers need to make super guarantee (SG) contributions to an employee's super fund for every quarter and ensure that they are received by the fund by the following dates: Quarter 1 (July–September) – due 28 October. your total income for 2021–22 was less than $56,112. 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). It was part of a suite of measures designed to put. You only need to do this if you missed paying the minimum super guarantee contribution. If your income and concessional super contributions total more than $250,000, check if you have to pay Division 293 tax. If your income and concessional super contributions total more than $250,000, check if you have to pay Division 293 tax. The concessional contributions cap is the maximum amount of before-tax contributions you can contribute to your super each year without contributions being subject to extra tax. Withdrawing and using your super When and how you can access your super and whether you need to pay tax on withdrawals. 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. From 1 July 2022, you can accept all types of non-mandated contributions, except downsizer contributions (these can only be made if the member has reached eligible. Payment errors. Step 2: Apply that proportion to calculate the tax-free component of Peter’s lump sum as follows: $50,000 x 25% – $12,500. This means that the maximum super guarantee amount an employer is required to contribute is the equivalent of 11% of $62,270 per quarter (equivalent to $249,080 for the. au Additional tax and super considerations There are other circumstances that can affect how much you can contribute and the amount of tax you pay on your super, including spouse contributions offsets and downsizer contribution measures. gov. If your income and concessional super contributions total more than $250,000, check if you have to pay Division 293 tax. The limits are called 'contribution caps': Personal contributions you are allowed as an income tax deduction count toward your concessional contributions cap. To report unpaid super contributions by your employer, you will need to provide your personal details (including your Tax File Number), the period you are checking and your employer’s details,. Last modified: 02 Aug 2023 QC 73085. gov. The reform lifts the cut-off age for using the bring-forward rule to under 75 from under 67. You did not exceed your non-concessional contribution cap. Key takeaways: Concessional contributions are contributions made into your super before-tax. General concessional contributions cap. Module 2: Working out if you have to pay super. 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. All tax calculations should be performed by a qualified tax accountant. The clearing house distributes the payment to each employee's super fund according to your instructions. For most people, super begins when you start. Taxable component of $300,000 = 75%. If you took all the above steps and want to request a reduction in the resulting SGC liability, phone us on 13 10 20. As an employer, the most common type of super contribution you will be making is your quarterly SG contribution obligation. If you are eligible to make non-concessional contributions and you contribute more than the annual general cap ($110,000 in 2023–24), you automatically gain access to your future. OTE is the amount you pay employees for their ordinary hours of work, including things like commissions and shift loadings. Additional eligibility requirements were added from 1 July 2017 which includes: having a total superannuation balance of less than $1. For eligibility criteria visit ato. 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. Module 2: Working out if you must pay super. If you choose to have the contributions offset. Why and how to pay yourself super. You need to properly document contributions and rollovers, including the amount, type and breakdown of components, and allocate them to the members’ accounts within 28 days of the end of the month in which you received them. Select Save and continue when you have completed the Income tests section. Reportable employer super contributions (RESC). From 1 November 2021, where an employee commences employment but has not nominated a super fund, the employer is required to make contributions to the employee’s existing super fund (in circumstances where they have one). the contributions are out of your before-tax or post-tax income. If you are under 67, the Australian Taxation Office (ATO) says your fund can accept all (including personal contributions) regardless of whether you have retired or are still working. 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. phone the National Relay Service on 13 36 77 (if you have a hearing, speech or communication impairment). $17,353 if no employee contributions are made. 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. The super guarantee rate is currently 11% of ordinary earnings. Super investment options. By registering with these funds, you agree to. If your contributions amounts go over these caps, you may have to pay extra tax. SuperStream transmits money and information consistently across the super system – between employers, funds, service. For 2022–23, the annual non-concessional contributions cap is $110,000 if your total superannuation balance on 30 June 2022 was less than $1. 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. Before-tax contributions are generally taxed at 15%, unless you: earn more than $250,000 p. If you pay a worker, you are also required to pay them super guarantee: Amount of pay – you pay it regardless of how much they are paid – their earnings amount is not relevant. The requirement to pay excess contributions tax will depend on which contribution cap you exceeded and whether or not you chose to withdraw the excess contributions from superannuation. Estimated employer SG based on Income. What is the right way to notify my super fund that I want to contribute a carry-forward contribution for amounts still available from the 2018-19 financial year? I called my super fund about this and they advised me to fill out a 'Notice of intent to claim a deduction for personal super contributions' form for both 2018-19 and 2019-20 with the amounts. concessional) rate of tax. by lodging a paper form with the fund you wish to transfer your super from – Rollover initiation request to transfer whole balance of superannuation benefits between funds. making personal super contributions (and a non-concessional contribution may make you eligible for the government's super co-contribution) arranging for your spouse to. under 18 years old, you pay it if they work more than. Module 6: Correcting late super payments. Understand super basics. you're a high-income earner. Hybrid super funds. With SuperStream money and data are sent electronically in a standard format. Calculation. You can generally contribute up to $27,500 each financial year. These contributions come from after-tax income, so they are non-concessional contributions. A concessional contribution is defined as a contribution to your super fund before tax. offer eligible employees choice of super fund. Find out about caps on contributions to defined benefit funds and constitutionally protected (CPF) funds. The fundamentals behind the ‘carry forward’ unused cap rules are outlined below. It will help you work out the SG sub-totals of each individual superannuation fund and the total of all contributions payable. 2 million for consultation and co-design. Rates and thresholds apply to contributions, employment termination payments, super guarantee and co-contributions. e. Super contributions should either be made to: the employee’s chosen fund; you should make a stapled super fund request and make contributions to the fund that we advise. You must have provided your super fund with your tax. gov. 7 million cap. Superannuation is money employers pay eligible workers to provide for their retirement. Provide employees' TFNs to their funds. Step 4: Report unpaid super. Set up your systems to pay super contributions electronically to the right fund. The super. 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. Her total super balance is under the $1. from the 2014–15 to the 2016–17 financial year if you were 49 years or over on the last day of the previous financial year. Even if you outsource some parts of making super contributions, you're still responsible for ensuring your employees' super contributions are paid correctly. This is the maximum amount of CGT-related super contributions you can exclude from your non-concessional contribution limits. OTE to work out the minimum super guarantee contribution for your employees. With SuperStream money and data are sent electronically in a standard format. your spouse. The tax rate depends on your income plus your before-tax super contributions. On this page. the higher income threshold was set at $15,000 above the lower income threshold. Australia's superannuation system is the main way most people save for their retirement. super fund details before making a super contribution. the matching rate was set at 50%. 3 min read. contribution rules they can add up to $300,000 each to their super accounts. 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 for 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. phone on 13 10 20 between 8:00 am and 6:00 pm local time Monday to Friday. You can add to your super with extra contributions from your take-home pay or savings. gov. Opinion. 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).