New Legislation Passes to Ensure Super is Paid on Time

Posted at 13:16h in News, Superannuation by Simmons Livingstone

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Australia’s superannuation system is about to become more immediate for employees. From 1 July 2026, employers must deposit super contributions at the same time as your salary — rather than quarterly. This change is designed to get retirement savings working sooner, giving individuals the potential for faster growth and better compounding over time.

Why This Matters

Previously, many employees had to wait months for super contributions to reach their funds. Quarterly payments could mean delays of up to three months, especially if payroll or processing systems ran behind. With contributions paid each payday, your money starts earning investment returns immediately.

For employees, this means:

More consistent growth: Frequent contributions can compound faster than lump-sum quarterly deposits.
Better cash-flow transparency: Your super balance now reflects contributions almost immediately.
Fewer missed contributions: If employers comply, the likelihood of late payments reduces.

What Employers and Employees Need to Know

Employers will need to ensure their payroll systems are capable of paying super within seven days of each pay cycle. For employees, it’s a good time to check:

That your super fund details are current and correct.
That you can see contributions reflected in your statements or online portal.
Any voluntary contributions or salary sacrifice arrangements align with the new schedule.

What Individuals Can Do

Even with this change, you should continue to monitor your super contributions. If you notice delays or errors, discuss them with your employer or fund. For those with voluntary contributions, review whether the new schedule affects your overall retirement planning — more frequent contributions might also give you flexibility in how you manage your personal finances.

Payday super is a positive step for Australians, ensuring retirement savings start working as soon as income is received. Being aware and proactive will help you get the most from your super.Simmons Livingstone can help you review your super contributions, ensure compliance with the new payday super rules, and assess your retirement planning strategy. Contact us today on 1800 618 800 or email admin@simmonslivingstone.com.au to arrange a consultation or advice session.