How often you pay super to employees is changing

31 May

Disclosure: Lifestyle Wealth Partners Pty Ltd and its advisers are authorised representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. General Advice Warning: Any information on this website is general advice and does not take into account any person's objectives, financial situation or needs. Please consider your own circumstances and consider whether the advice is right for you before making a decision. Always obtain a Product Disclosure Statement (If applicable) to understand the full implications and risks relating to the product and consider the Statement before making any decision about whether to acquire the financial product.

  • From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. Currently, employers are only required to pay their employees’ super entitlements on a quarterly basis.

    The start date will provide small business employers, super funds, and payroll providers with enough time to prepare for the change.

    This measure is not yet law. We’ll work closely with industry and stakeholders on these changes in the second half of 2023.

    For more information, visit Payday superannuation.

    Remember, registered tax agents and BAS agents can help you with your tax.

    Last modified: 18 May 2023QC 72632

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