When Payday Super starts 1 July, as an employer you’ll need to pay your employees' super each payday. Currently, you only have to pay quarterly.
Also, if you use the Small Business Super Clearing House (SBSCH), it will permanently close from 1 July. See Get ready for the SBSCH closure to learn what steps you need to take to prepare for this.
Where to start?
It’s important to get it right when Payday Super starts. To help you with this we have a range of resources.
Our new videoExternal Link is a great place to start. In it, I walk through what Payday Super means for small businesses, what to expect, and most importantly, how you can get ready.
Resources to help you get ready
We also have a fact sheet on ‘qualifying earnings (PDF, 165KB)This link will download a file’ (QE) – a new concept under Payday Super. Find out more in Payday Super and qualifying earnings – get the facts straight!.
You can also check out our handy checklists:
- Payday Super checklist for employers (PDF, 200KB)This link will download a file
- How to transition from the SBSCH (PDF, 768KB)This link will download a file.
When using these, tick off the steps that apply to your business. You may find you’re already on your way to being Payday Super ready.
Our new resources page has all this new content available, plus our previously shared videos and other factsheets.
Bookmark ato.gov.au/PaydaySuper as your ‘go to’ for the latest information on Payday Super.
What happens if you make a mistake?
With a new super system there’s a lot you need to know, so we’re here to help.
In the first year of payday super, our compliance approach recognises that employers who try to do the right thing, and resolve any issues quickly, will not be the focus of our compliance action. You can read more about our compliance approach for the first year.
Keep up to date
We have tailored communication channels just for small businesses – so you’ll always be up to date with the latest information and changes relevant to you.
Explore more articles in our Small business newsroom.
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- monthly Small business email newsletterExternal Link
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