PAYDAY SUPER IS COMING: WHAT IS IT?

 

If you're not paying super at the same time as wages, there’s something on the horizon for you to start planning for: payday super. Planned to start July 1, 2026, payday super is a change to how super guarantee (SG) payments are made. No matter your super payments situation, there are important details all businesses should consider now. Announced in May 2023, the Federal Government is changing how businesses make their mandatory super contributions for their employees. From 1 July 2026, you’ll be required to pay your employees’ super at the same time as salary and wages. So no more quarterly SG payments after 1 July 2026, contributions need to be made at the same time as your payroll. Read more here.