Are you ready for Payday Super?

Payday Super means paying superannuation into your employees’ super funds every payday, rather once a quarter.

Here are the main things you need to do before Payday Super starts on 1 July.

You can start paying super every payday now if you’re ready – there’s no need to wait until July.

Review your payroll processes

If you use payroll software that reports and pays super automatically, your software provider will make sure it’s ready for Payday Super. You can contact your provider to check when they’ll enable this functionality.

If you use a clearing house or super fund portal to pay super, check they are ready and if you need to make any changes on your end.

If you use the Small Business Superannuation Clearing House (SBSCH), you’ll need to change to a different provider. The SBSCH will close permanently on 1 July 2026.

This is also a good time to make sure all your employees’ records are up to date, including their super fund details.

Plan your cash flow

Payday Super could impact your business’s cash flow. Instead of paying super every 3 months, you’ll do it every pay cycle – weekly, fortnightly or monthly.

So you’ll need to make sure you always have cash available to pay employees’ super when you pay their salary and wages.

Now is a good time to review your finances and have a plan for healthy cash flow.

Get help if you need it

Talk to your accountant or tax agent if you need help getting ready for Payday Super.

The Australian Taxation Office (ATO) website has detailed information about Payday Super and how to prepare. You can also call the ATO’s superannuation enquiries line on 13 10 20.