Starting 1 July 2026, employers will be required to pay their employees’ superannuation at the same time as their salary and wages. Every time ordinary time earnings (OTE) are paid, a new 7-day “due date” for contributions will be set, with a few exceptions.

According to Stephen Jones, switching to payday super could result in a 25-year-old earning a median income, who currently receives super quarterly and wages fortnightly, being around $6,000 or 1.5% better off by the time they retire. Payday super will also make it easier for employees to track their super contributions.

On the other hand, payday super could create a burden for employers as employers incur costs to meet the mandatory superannuation payment requirements, including expenses for software, transaction fees, and the time spent managing payments and correcting mistakes.

For more details about the proposed Payday Super, please refer to the Payday Super Factsheet. Additionally, to learn more about superannuation guarantee, you can explore the Concessional Contributions section.