Employee Superannuation

If you would like to claim employee superannuation for the June 2023 month/ quarter as a tax deduction for the 2023 Financial Year, please ensure that it is paid prior to 30 June 2023.

As per the Australian Taxation Office (ATO), the employee superannuation is required to be received by the employee super fund before 30 June 2023 to be considered as a tax deduction unless you are using the ATO clearing house where payments may be considered ‘paid’ on the date they’re received.

Your employee’s super contribution is only considered ‘paid’ on the date it’s received by the super fund. Not the date it’s received by the clearing house.
Please allow for processing timeframes of clearing houses.

If you have Xero software, we have been advised by Xero that payments should ideally have been made by the 14th of June 2023, to allow for clearing house processing times.

Please advise our office if you would like us to prepare your employee superannuation to date for payment before 30 June 2023.

New clients can receive a free 30 minute, no obligation session to see if we are the right fit for you and your business.