The ATO has advised employers intending to claim a tax deduction for super payments that they make for employees in the 2020/21 income year that any such payments must be accepted by the Small Business Superannuation Clearing House (‘SBSCH’) on or before 23 June 2021.

This allows processing time for the payments to be received by their employees’ super funds before the end of the 2020/21 income year.

Learn more about the Small Business Superannuation Clearing House (‘SBSCH’) here.

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