Deciding how to manage superannuation is a key responsibility for any small business, and with PayDay Super starting on 1 July 2026, it’s important to get ahead of the changes. As Cameron Angus, Senior Accountant at our Gold Coast office, explains, PayDay Super is designed to make paying super faster and more reliable, but businesses need to take a few steps to be ready from day one.
What is PayDay Super?
PayDay Super allows small business employers to report and pay superannuation for their employees as soon as they get paid, rather than in quarterly batches. This means employees’ super can be deposited sooner, helping them grow their retirement savings faster.
For employees, it’s mostly automatic. The payments and reporting are handled through the system by their employer, so there’s less manual work and fewer mistakes.
Why preparation is important
Businesses need to be ready before 1 July, because the ATO Clearing House will not accept payments for the June quarter after 30 June 2026. That means if you haven’t set up PayDay Super before July, your June quarter payments can’t be processed through the usual system.
Getting ready early ensures:
- You comply with the new system from day one.
- Employees’ super is paid on time.
- Your business avoids last-minute headaches at the end of the financial year.
How to get ready
- Check your employees’ super details – ensure you have accurate information for each employee, including their super fund and membership number.
- Register for PayDay Super – businesses need to sign up via the ATO or approved software before 1 July.
- Update your payroll software – make sure your system is compatible and set up to calculate and report super correctly.
- Plan your June quarter payments – if you haven’t processed June super yet, do it early to avoid missing the ATO’s cut-off.
Why it matters
PayDay Super is mandatory from 1 July 2026, so it’s important for businesses to get prepared. Being proactive will:
- Keep your business compliant.
- Ensure employees receive their super on time.
- Avoid unnecessary end-of-financial-year stress.
If you’re unsure how to get started, get in touch with your Highview Accountant or Bookkeeper who can help you make sure everything is set up correctly.
