Big Changes to Superannuation Payments from 1 July 2026 The Treasury has released draft legislation for a major change to how employers pay superannuation—known as Payday Super. If the proposed reforms go ahead, employers will need to pay super much sooner than they do now, bringing it in line with employee pay cycles. What’s Changing? From 1 July 2026, employers will be required to pay their employees’ super within seven… Read More »Payday Super Details Released

Is there a problem paying your super when you die? The Government has announced its intention to introduce mandatory standards for large superannuation funds to, amongst other things, deliver timely and compassionate handling of death benefits. Do we have a problem with paying out super when a member dies? The value of superannuation in Australia is now around $4.1 trillion. When you die, your super does not automatically form part… Read More »Navigating the Complexities of Superannuation Death Benefits

Division 296 tax could be shelved until after the next federal election $3m Superannuation tax (Div 296 tax) passed the lower house on 9th October 2024, but the government hasn’t secured the necessary crossbench support to pass its proposed tax in the upper house. A guillotine motion containing the Division 296 tax changes failed to pass on 28th November 2024, the government has abandoned the measure for at least this calendar year. With only one more parliamentary sitting scheduled in February before the next Federal Election, the future of the proposed tax remains uncertain.  It… Read More »The $3 Million Superannuation Tax