If I pay a contribution for my employees after June will it be included in the previous financial year?
Employers submitting their June payments in July (which may include members personal contributions) will not count towards the 2019/2020 financial year. They will be applied for 2020/21 financial year.
I’m self-employed. Do I have to pay contributions for myself?
You don't have to pay yourself super if you're a sole trader, self-employed or in a partnership.
The Australia Tax Office says those who are sole traders may want to make personal contributions to super as a way of saving for their retirement.
Regardless of whether you are self-employed or not, most people will be able to claim a full deduction for contributions they make to their super until they turn 75 years old.
Anyone aged 67 to 74 will still need to meet the work test in order to be eligible to make a contribution and claim a tax deduction. Contributions you make may attract extra tax if they exceed the contributions limit for that year.
For more information about super for sole traders and super guarantee (SG) payments, visit the ATO website.