{"id":14003,"date":"2017-11-30T07:25:55","date_gmt":"2017-11-29T19:55:55","guid":{"rendered":"http:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/"},"modified":"2025-03-30T13:27:52","modified_gmt":"2025-03-30T01:57:52","slug":"getting-super-right","status":"publish","type":"post","link":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/","title":{"rendered":"Getting Super Right"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11660\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2017\/11\/qP.jpg\" alt=\"Serious business woman\" width=\"1200\" height=\"628\" \/><\/p>\n<p style=\"font-weight: 400;\">Getting super right is an important part of being an employer. Likewise, as an employee, ensuring your employer is correctly paying your entitlement in a timely manner is also something to be considered.<\/p>\n<p style=\"font-weight: 400;\">Unfortunately, we often see that during a cashflow crisis in a business, whether it be\u00a0a\u00a0short or long term problem, ceasing paying employee superannuation is often the first thing employers choose to do, even if all employees are closely held or related to the employer.<\/p>\n<p style=\"font-weight: 400;\">We always advise clients that such action is very unwise and it is better to negotiate payment terms with the ATO for BAS or income tax debts or consult us to review your business and find other solutions to help returning the business to profitability.<\/p>\n<p style=\"font-weight: 400;\">In any case, many employers despite best efforts,\u00a0still get super wrong. So to help we have outlined a 5 steps checklist\u00a0to\u00a0help you get it right:<\/p>\n<ol>\n<li style=\"font-weight: 400;\"><strong>Check you&#8217;re paying for the right people.<\/strong>\u00a0You need to pay super for all of your eligible employees. Most employees and some contractors are eligible for super.<\/li>\n<li style=\"font-weight: 400;\"><strong>Check you\u2019re paying the right amount.<\/strong>\u00a0Currently you need to pay 9.5% of your employee&#8217;s ordinary time earnings (OTE). This is not calculated by simple reference to an employees salary package as some payments made to employees do not fit the definition of OTE (e.g.. overtime hours, some allowances and parental leave)<\/li>\n<li style=\"font-weight: 400;\"><strong>Check you\u2019re paying on time.<\/strong>\u00a0You need to pay super at least quarterly (<span data-term=\"goog_1104966404\">within 28 days<\/span>\u00a0after the end of each quarter) . Some super funds, awards or agreements may require more frequent payments.<\/li>\n<li style=\"font-weight: 400;\"><strong>Check you\u2019re paying to the right place.<\/strong>\u00a0You must pay super into a complying super fund or Retirement Savings Account. Most employees can choose their own fund.<\/li>\n<li style=\"font-weight: 400;\"><strong>Check you\u2019re paying the right way.<\/strong>\u00a0All employers must now use\u00a0<strong><em>SuperStream\u00a0<\/em><\/strong>when paying super. This means you pay employee super and send all their information electronically though one channel in a standard format. It\u2019s easier than ever to pay super under this method and will save you time as you can make all contributions in a single transaction, even if going to multiple funds.<\/li>\n<li style=\"font-weight: 400;\">All businesses should now be SuperStream compliant and if you have not made the switch to SuperStream, please talk to us to find the solution that best suits your needs. More information on this matter can found on the ATO website on the link below<\/li>\n<li style=\"font-weight: 400;\">Link &#8211;\u00a0<a href=\"https:\/\/www.ato.gov.au\/super\/superstream\/employers\/employer-checklist--a-step-by-step-guide\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=https:\/\/www.ato.gov.au\/super\/superstream\/employers\/employer-checklist--a-step-by-step-guide\/&amp;source=gmail&amp;ust=1512161179744000&amp;usg=AFQjCNF1wPgyY6tr0_zZRhuYWSJbquKFFA\">https:\/\/www.ato.gov.au\/super\/superstream\/employers\/employer-checklist&#8211;a-step-by-step-guide\/<\/a><\/li>\n<\/ol>\n<p style=\"font-weight: 400;\">And finally, you need to keep records to show how much super you\u00a0have\u00a0paid, when you\u00a0have\u00a0paid, and that you\u2019ve\u00a0offered a choice of fund to your employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Getting super right is an important part of being an employer. Likewise, as an employee, ensuring your employer is correctly paying your entitlement in a timely manner is also something to be considered. Unfortunately, we often see that during a cashflow crisis in a business, whether it be\u00a0a\u00a0short or long term problem, ceasing paying employee&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-14003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Getting Super Right - Quantiphy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Getting Super Right - Quantiphy\" \/>\n<meta property=\"og:description\" content=\"Getting super right is an important part of being an employer. Likewise, as an employee, ensuring your employer is correctly paying your entitlement in a timely manner is also something to be considered. Unfortunately, we often see that during a cashflow crisis in a business, whether it be\u00a0a\u00a0short or long term problem, ceasing paying employee...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/\" \/>\n<meta property=\"og:site_name\" content=\"Quantiphy\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-29T19:55:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-30T01:57:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2020\/11\/qP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#\\\/schema\\\/person\\\/1229e0370958728f31fa8f8604b0dfc2\"},\"headline\":\"Getting Super Right\",\"datePublished\":\"2017-11-29T19:55:55+00:00\",\"dateModified\":\"2025-03-30T01:57:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/\"},\"wordCount\":449,\"commentCount\":0,\"publisher\":{\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/qP.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/\",\"url\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/\",\"name\":\"Getting Super Right - Quantiphy\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/qP.jpg\",\"datePublished\":\"2017-11-29T19:55:55+00:00\",\"dateModified\":\"2025-03-30T01:57:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/#primaryimage\",\"url\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/qP.jpg\",\"contentUrl\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/qP.jpg\",\"width\":1200,\"height\":628,\"caption\":\"Portrait of a serious young businesswoman sitting at her working place with papers and pc\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/getting-super-right\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Getting Super Right\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#website\",\"url\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/\",\"name\":\"Quantiphy\",\"description\":\"Accounting, Taxation, Wealth &amp; Finance in one\",\"publisher\":{\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#organization\",\"name\":\"Quantiphy\",\"url\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Screen-Shot-2020-10-15-at-11.04.47-am.png\",\"contentUrl\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Screen-Shot-2020-10-15-at-11.04.47-am.png\",\"width\":884,\"height\":260,\"caption\":\"Quantiphy\"},\"image\":{\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#\\\/schema\\\/person\\\/1229e0370958728f31fa8f8604b0dfc2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/10051da91b5ec8396300b2bb336697b7898938c99d91a95f5105956221760164?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/10051da91b5ec8396300b2bb336697b7898938c99d91a95f5105956221760164?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/10051da91b5ec8396300b2bb336697b7898938c99d91a95f5105956221760164?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\"],\"url\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Getting Super Right - Quantiphy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/","og_locale":"en_US","og_type":"article","og_title":"Getting Super Right - Quantiphy","og_description":"Getting super right is an important part of being an employer. Likewise, as an employee, ensuring your employer is correctly paying your entitlement in a timely manner is also something to be considered. Unfortunately, we often see that during a cashflow crisis in a business, whether it be\u00a0a\u00a0short or long term problem, ceasing paying employee...","og_url":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/","og_site_name":"Quantiphy","article_published_time":"2017-11-29T19:55:55+00:00","article_modified_time":"2025-03-30T01:57:52+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2020\/11\/qP.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/#article","isPartOf":{"@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/"},"author":{"name":"admin","@id":"http:\/\/quantiphy.com.au\/oldbackup\/#\/schema\/person\/1229e0370958728f31fa8f8604b0dfc2"},"headline":"Getting Super Right","datePublished":"2017-11-29T19:55:55+00:00","dateModified":"2025-03-30T01:57:52+00:00","mainEntityOfPage":{"@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/"},"wordCount":449,"commentCount":0,"publisher":{"@id":"http:\/\/quantiphy.com.au\/oldbackup\/#organization"},"image":{"@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/#primaryimage"},"thumbnailUrl":"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2020\/11\/qP.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/","url":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/","name":"Getting Super Right - Quantiphy","isPartOf":{"@id":"http:\/\/quantiphy.com.au\/oldbackup\/#website"},"primaryImageOfPage":{"@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/#primaryimage"},"image":{"@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/#primaryimage"},"thumbnailUrl":"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2020\/11\/qP.jpg","datePublished":"2017-11-29T19:55:55+00:00","dateModified":"2025-03-30T01:57:52+00:00","breadcrumb":{"@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/#primaryimage","url":"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2020\/11\/qP.jpg","contentUrl":"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2020\/11\/qP.jpg","width":1200,"height":628,"caption":"Portrait of a serious young businesswoman sitting at her working place with papers and pc"},{"@type":"BreadcrumbList","@id":"https:\/\/quantiphy.com.au\/oldbackup\/getting-super-right\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/quantiphy.com.au\/oldbackup\/"},{"@type":"ListItem","position":2,"name":"Getting Super Right"}]},{"@type":"WebSite","@id":"http:\/\/quantiphy.com.au\/oldbackup\/#website","url":"http:\/\/quantiphy.com.au\/oldbackup\/","name":"Quantiphy","description":"Accounting, Taxation, Wealth &amp; Finance in one","publisher":{"@id":"http:\/\/quantiphy.com.au\/oldbackup\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/quantiphy.com.au\/oldbackup\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"http:\/\/quantiphy.com.au\/oldbackup\/#organization","name":"Quantiphy","url":"http:\/\/quantiphy.com.au\/oldbackup\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/quantiphy.com.au\/oldbackup\/#\/schema\/logo\/image\/","url":"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-15-at-11.04.47-am.png","contentUrl":"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-15-at-11.04.47-am.png","width":884,"height":260,"caption":"Quantiphy"},"image":{"@id":"http:\/\/quantiphy.com.au\/oldbackup\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"http:\/\/quantiphy.com.au\/oldbackup\/#\/schema\/person\/1229e0370958728f31fa8f8604b0dfc2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/10051da91b5ec8396300b2bb336697b7898938c99d91a95f5105956221760164?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/10051da91b5ec8396300b2bb336697b7898938c99d91a95f5105956221760164?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/10051da91b5ec8396300b2bb336697b7898938c99d91a95f5105956221760164?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/quantiphy.com.au\/oldbackup"],"url":"https:\/\/quantiphy.com.au\/oldbackup\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/posts\/14003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/comments?post=14003"}],"version-history":[{"count":2,"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/posts\/14003\/revisions"}],"predecessor-version":[{"id":16602,"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/posts\/14003\/revisions\/16602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/media\/14115"}],"wp:attachment":[{"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/media?parent=14003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/categories?post=14003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quantiphy.com.au\/oldbackup\/wp-json\/wp\/v2\/tags?post=14003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}