The Federal Government is introducing Payday Super, which will change how and when employers pay their employees’ superannuation.
From 1 July 2026, employers will be required to pay super at the same time as salary and wages on each payday, rather than making quarterly payments. Super contributions will need to be received by the employee’s super fund within 7 business days of payday.
Key changes include:
- Super will be calculated at 12% of qualifying earnings, which includes ordinary time earnings and some additional payments.
- Super contributions must be processed each pay cycle, instead of quarterly.
- The Small Business Superannuation Clearing House will close permanently on 1 July 2026, so businesses currently using this service will need to transition to another method for paying super.
Next steps:
In preparation, employers should review their payroll and super processes and ensure their systems are able to process super contributions each payday.
If you need assistance setting up super payments in Xero or MYOB, please feel free to contact us and we will be happy to help.
For more information, visit here and for resources, including the Payday Super checklist for employers, visit here.
