You may have come across the term SGC Fund Details Pending on your payslip, payment summary or other salary/ wage document.

As an employee, your employer is required to make mandatory superannuation guarantee (SG) payments into your superannuation fund.

The amount of superannuation contributions that you employer needs to make is calculated using your salary and the current SG rate.

In order for your employer to make SGC payments to your superannuation fund, they need to know the details of the fund that you would like it paid into.

As an employee, you will generally have the choice as to which fund you would like payments to be made into.

The Australian Tax Office (ATO) has developed a standard superannuation choice form that you can complete and hand in to your employer. The standard superannuation choice form can be accessed here.

Have You Read My Other Posts Yet?

 

SGC Fund Details Pending

 
Until your choice of fund has been submitted to your employer, your payslip may continue to display ‘SGC Fund Details Pending’.

Once your choice of fund is confirmed, your payslip should display something along the lines of ‘SGC’ and the amount paid towards your choice of fund in respect of that pay period.
 

SGC Superannuation Fund

 
Many people tend to misinterpret the terminology of SGC Super on their payslip and think that SGC is the name of the superannuation fund that their employer is paying their super into.

This is not the case. SGC purely refers to the type of payment being made (superannuation guarantee); not where the payment is being made to.

So there is no need to go looking for the SGC superannuation fund phone number or contact details, as this is not where you will find your super!

(Funnily enough, there is a self managed superannuation fund (SMSF) run by somebody who has called their SMSF the SGC Superannuation Fund. This has nothing to do with your super or where you might find your super benefits).

If you want to know where you can find your superannuation, you should probably first ask your employer or the payroll officer at your place of work. They will have all of the details of where your SGC contribution payments are being made to. Otherwise, check out this list of superannuation companies and it might trigger your memory.
 

Superannuation Guarantee Charge (SGC) Rates

 
The rates of SGC that must be paid by your employer into your super fund of choice is expressed as a percentage of your salary.

The history of the superannuation guarantee (SG) rates are listed below:

Financial Year SGC Rate
2018/19 9.50%
2017/18 9.50%
2016/17 9.50%
2015/16 9.50%
2014/15 9.50%
2013/14 9.25%
2012/13 9.00%

 

SGC Calculator

 
The calculation of your SGC payments is done by multiplying your salary or wage by the SGC rate in the relevant year. For example, if you had a salary of $60,000 in the 2018/2019 financial year, your employer would need to contribute 9.5% in addition to this into your chosen superannuation fund. Therefore, you would receive SGC payments of $5,700 in the 2018/2019 financial year.

If you were paid your $60,000 annual wage on a fortnightly basis, the SGC contribution made each fortnight should be approximately $219 each pay period.

The SGC calculator below can help you calculate your SGC entitlements based on your wage or salary.

You can check the outcomes of this calculation with your payslip or superannuation statement. Figures may be different if you earn more than the quarterly maximum contribution base for any given year, or if you earn different amounts each pay period.

Chris Strano

Chris Strano created SuperGuy to help the average punter navigate through the complex and ever-changing super rules. It has since become one of Australia's leading digital super resources. Subscribe to SuperGuy's YouTube channel for the latest strategies to boost your super savings. https://www.youtube.com/channel/UCs1ARI2y18hrjNYVqjtJ-pQ

More Posts

Follow Me:
Facebook