With the new financial year just around the corner, we wanted to remind you that from 1 July 2026, all employers must pay super on the same day as paying wages. This is known as Payday Super, and it’s designed to help address unpaid super contributions and reduce employers super liability building up each quarter, which can be difficult to pay as a lump sum.
All super contributions must hit the employee’s fund within seven business days of payday, instead of the current quarterly deadline. We have a number of clients who have already implemented this and have found it’s made meeting their super obligations more manageable.
If you’re still using the ATO Small Business Superannuation Clearing House (SBSCH), this will be permanently closed from 1 July 2026 and you will no longer be able to log in and access your records. You will need to move to an automated super solution, which both Xero and MYOB offer. These are both user friendly options that are easy to setup, and will track super payable for you based on your recorded payroll. So say goodbye to manually (often incorrectly) entering amounts to be paid or missing periods, because your automated system will tell you exactly what’s payable, every payday. We also recommend downloading your records from the SBSCH in case any historical payments needs to be reviewed in the future. Visit the ATO website for instructions on how to download your records.
Any unpaid super for the June 2026 quarter will need to be received by your employee’s fund by 28 July 2026. Where cashflow allows, we recommend paying all super before 30 June to ensure you get a tax deduction for it in the current financial year. If you’re using the SBSCH, any super for the June quarter, or earlier quarters if you’re behind, that isn’t paid before 30 June, will need to be processed through the automated system you’ve adopted.
As always, if you have any questions in regards to Payday Super, or need assistance in setting up automated super in your bookkeeping system, please contact our office and we can step you through this process.
