Payday Super refers to the upcoming reform in Australia’s superannuation system that mandates employers to pay superannuation contributions at the same time as employees receive their wages.
Set to take effect on July 1, 2026, this initiative requires employers to make superannuation guarantee (SG) payments within seven days of each payroll cycle.
The goal of Payday Super is to enhance employees' retirement savings by ensuring that contributions are invested sooner, thereby reducing the gap in unpaid superannuation and promoting better financial outcomes for workers.
