Superannuation will see several major reforms in 2026, some of which affect almost every working Australian.
Payday Super Comes Into Effect
From 1 July 2026, employers will be required to pay superannuation contributions on each payday, rather than quarterly. This “payday super” reform aims to boost consistency and ensure workers receive their super sooner.
Super for Paid Parental Leave
For the first time, employees on paid parental leave will receive compulsory super contributions. The ATO will automatically make these contributions at year end, helping bridge a gap in retirement savings for new parents.
New Tax Tiers on Large Super Balances
Legislation will introduce higher tax rates on very large super balances:
-
30 per cent tax on earnings for balances between $3 million and $10 million,
-
40 per cent on balances above $10 million.
This is part of an effort to reduce tax concessions for high‑balance super members.
