 |
 |
Processing payments and contributionsTo make your payroll processing easier and faster, Health Super has put together a series of hints, typical questions and helpful steps for you to follow. Simply click on the links below to discover the answer to your questions.
Important: from 1 July 2007 the changes to superannuation may impact the processing of payments and contributions, please refer to our Budget Fact sheet, or go to www.simplersuper.treasury.gov.au Important: from 12 December 2007 changes to Health Super Payroll Processing. Recent Government initiatives regarding anti-money laundering and counter-terrorism financing are aimed at addressing money laundering in Australia and minimising the threat to national security caused by the financing of terrorism. The reforms affect all institutions that provide services under the legislation (such as banks, credit unions and superannuation funds). Identification requirements will apply from 12 December 2007. Changes to Health Super Payroll ProcessingAll new member payroll information received on or after 12 December 2007 must contain the following:
If any of this information is omitted Health Super may not be able to accept the contribution and will contact payroll or human resources for certification of member's personal details. We can acceptMiss Alexandra Laura Smith 23 Melbourne Street, South Yarra, VIC: 3141 DOB: 12/10/1980
We cannot accept and require more informationMiss A. L Smith PO BOX 123, South Yarra, Vic 3141 DOB: 12/10/1980
|
|
Your age |
Concessional contributions (e.g. Superannuation Guarantee (SG)employer contributions) |
Concessional contributions (e.g. Award employer contributions) |
Concessional contributions¹ (e.g. Salary sacrifice) |
Non-concessional contributions(e.g. after-tax top-ups) |
| Under 65 |  |
|
|
|
| 65-74 | |
|
You must have worked at least 40 hours in not more than 30 consecutive days in the financial year. | You must have worked at least 40 hours in not more than 30 consecutive days in the financial year. |
| Over 75 |  |
|
|
|
¹ Voluntary employer contributions may include salary sacrifice arrangements and discretionary superannuation contribtuions.
Payment options available
|
type |
how |
suits |
advantages |
| SuperData 3 Electronic data transfer | Simple web-based application that allows you to transfer superannuation contributions at regular intervals directly to Health Super. Contact Health Super via our Employerline on Freecall 1800 133 050 to get Super Data 3 set up for your organisation. | Organisations with small to medium numbers of Health Super members. E.g. if you have less than 20 Health Super members |
Can help make the transferring process simpler, faster and more efficient.
FREE training available: |
| Payroll file | Use a payroll bureau or your in-house payroll system to transfer member contribution data automatically to us, using a file format as specified by Health Super. | Organisations using payroll bureau services. | This method fits with your current payroll system. |
| Excel spreadsheet | You can submit contribution data via email, (employers@healthsuper.com.au) using a pre-formatted Excel spreadsheet prepared by Health Super. We can then transfer contribution data onto the members' accounts automatically. Download the 'Payroll Excel Spreadsheet for registered employers'. | Organisations with a small number of Health Super members. | A fuss-free way to administer super for small numbers of staff. |
Making a payment and forms you need
Useful tip: please submit your payments and data files together to Health Super via employers@healthsuper.com.au
If you have registered with Health Super as a participating employer, please use the form below to submit your contribution data to Health Super.
Registered Employers wishing to use Electronic Funds Transfer (EFT) to remit funds to Health Super can download an information sheet on how to pay.
Registered Employer super contribution form
Payment deadines
Quarterly Superannuation Guarantee (SG) took effect from 1 July 2003. From this date, it is mandatory that SG contributions be made at least on a quarterly basis instead of annually.
The dates for quarterly SG are as follows:
|
Quarter |
Cut-off date for SG contributions |
Due date for lodgement of SG statement and payment of SG charge if contributions have not been made in time |
| 1 July-30 September | 28 October | 14 November |
| 1 October-31 December | 28 January | 14 February |
| 1 January-31 March | 28 April |
14 May |
| 1 April-30 June | 28 July | 14 August |
What if I pay contributions late?
If you miss the deadlines and make late Superannuation Guarantee (SG) contributions, the SG laws will provide some relief from double payment penalties. This will apply to those employers who have sent SG contributions to super funds shortly after the quarterly cut-off dates. This is known as the late payment offset.
|
SG contributions payment quarter |
Cut-off payments date |
Last day to have made a payment for contributions for the late payment offset |
| Quarter 2 ( 1 October - 31 December) | 28 January | 28 February |
| Quarter 3 ( 1 January - 31 March) | 28 April | 28 May |
| Quarter 4 ( 1 April- 30 June) | 28 July |
28 August |
| Quarter 1 ( 1 July- 30 September) | 28 October | 28 November |
For more information about your SG obligations or to find out more about the late payment offset, go to www.ato.gov.au
Processing tip:
When making contributions send us your payment and data file together.
Importance of encouraging employees to provide tax file numbers
Whilst it is not an offence for employees not to quote their TFN, they need to be aware that they will be paying the highest marginal tax rate on their superannuation benefit payments. Also, higher tax rates apply to taxable contributions, and Health Super is unable to accept non-concessional contributions.
Are you an unregistered Health Super Employer?
If you have not registered with Health Super as a participating employer, we can still accept contributions for your employees who are Health Super members. Please use the form below to submit your contribution data to Health Super. We will then transfer the information into your employees' accounts.
Unregistered Employer super contribution form
Would you like to join Health Super and enjoy the benefits of being a Registered Health Super Employer? click here
To help us process your employees’ contributions faster, and ensure that contribution rules applicable to the Fund are followed, please make sure the contribution payment is sent at the same time as the data file.
