From 1 July 2026, Payday Super requires employers to pay superannuation alongside each payroll cycle, with contributions generally reaching employees’ super funds within seven business days. Businesses must update payroll systems, review cash flow, check super details and act quickly on late or incorrect payments.
From 1 July 2026, the concessional super contribution cap increased to $32,500 and the non-concessional cap to $130,000. Eligible individuals may also access up to $390,000 under the bring-forward rules, creating greater flexibility for retirement savings, tax planning and long-term superannuation strategies from this year.
The 2026-27 Federal Budget has introduced major tax reforms affecting individuals, property investors, small businesses, companies and SMSFs, with several key measures now passed into law. This article explains what has changed, when the new rules apply, and what taxpayers should consider when planning future tax, investment and business decisions.