Payday Super for employers and employees

Caroline Gillies • September 19, 2024

Starting from 1 July 2026, employers will be required to make Superannuation Guarantee (SG) contributions to employees with every pay cycle, rather than on a quarterly basis. This reform aims to strengthen Australia’s superannuation system by ensuring employees receive their contributions more regularly, which helps mitigate unpaid super issues.


Frequent SG payments will enable employees to better track their entitlements while also streamlining payroll management for employers. To facilitate a smooth transition, best practice would be to begin implementing these super changes now. This proactive approach will help businesses adapt to the new requirements ahead of the deadline.


Legislative design will progress through the second half of 2024 ahead of draft legislation being released for consultation. This change is part of a larger government initiative focused on improving retirement outcomes and tackling superannuation theft. By starting early, employers can enhance their compliance and support their employees’ financial security more effectively.


Example:

By switching to payday super, a 25‑year‑old median income earner currently receiving their super quarterly and wages fortnightly could be around $6,000 or 1.5 per cent better off at retirement. 



By Caroline Gillies July 13, 2025
Running a business isn’t just about making sales — it’s about making enough sales to cover your costs and pay yourself what you deserve. But how do you figure out how much turnover (aka revenue) you actually need to make each month? Knowing this number helps you: Set realistic sales targets Price your products or services properly Know when to cut costs or increase margins Understand when your business is sustainable This isn’t just about numbers — it’s about clarity and control. Once you know your required turnover, you can stop guessing and start planning. Whether you’re a solopreneur, a growing startup, or a small business owner, this is the foundation of making your business work for you — not the other way around. We love numbers — seriously. And we get that not everyone does. If you need help breaking things down in a way that’s simple, practical, and actually makes sense (even if numbers aren’t your thing), call Clear Vision Accountancy Group today on 4688 2500.
By Caroline Gillies June 22, 2025
From 1 July 2025, the Superannuation Guarantee (SG) rate in Australia will increase to 12%. This means employers will be legally required to contribute at least 12% of an eligible employee's ordinary time earnings to their superannuation fund. This increase is the final step in a legislated rise from 9.5% in 2021 to 12% by 2025, aimed at boosting retirement savings for Australian workers. If you use Xero for payroll, the SG rate should automatically update in the system. However, we recommend you double-check your payroll settings to ensure everything is correct. If you’re unsure or need assistance, please contact your bookkeeper or get in touch with us at: Clear Vision Accountancy Group (07) 4688 2500 We’re here to help you stay compliant and avoid any costly errors.
By Caroline Gillies June 1, 2025
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.