Payday Super — what is it?
From 1 July 2026, the Australian Government will introduce Payday Super. This reform will require employers to pay super contributions at the same time as wages, rather than quarterly.
The change is designed to help Australians grow their retirement savings sooner, speed up the payment of super into accounts, and reduce unpaid super.
Under the current system, employers must pay super contributions at least four times a year. With Payday Super, contributions will need to be paid at the same time as each pay cycle, meaning the money should reach super accounts much sooner.
Receiving super earlier can make a difference over time. When contributions are paid more frequently, your super has more time to benefit from investment returns and compounding interest. The change is also expected to make it easier for employees and the Australian Taxation Office to track super payments and identify any missing contributions.
If you are an employee on the ANZ payroll in Australia there will be no change for you as ANZ already pays super with each payday. However, if you are employed by another employer, you may notice that the timing of your contributions changes and improves under the new rules.
Members on higher incomes (generally above ~$270,000) may notice that the
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is applied on an annual, rather than quarterly basis from 1 July 2026. If your Superannuation Guarantee contributions are capped at the MCB, this may change the timing of when contributions stop within the year (i.e. once each financial year rather than quarterly), and therefore when your take home pay increases, particularly for those with higher or variable earnings.
For most members, no action is required. Employers will manage the timing of contributions, but it’s still a good idea to check your super account regularly.
Contributions may take several days to appear in your account after your payday. If you make extra contributions, keep an eye on your annual caps.
Combining your super is easier than you might think
You’ll need your member number and two forms of identification, such as your driver’s licence, Medicare card or passport.
Then:
-
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to your ANZ Staff Super account
- Go to the Find and combine super section
- Follow the prompts
Things to check before you combine
Before you go ahead, it’s important to consider whether combining is right for you. Some funds may charge exit or withdrawal fees. You could also lose valuable benefits, such as insurance cover (for example, life or income protection insurance), if you close an account.
If you are an Employee Section member planning to transfer your insurance cover as part of combining your super you may be eligible to transfer up to $1 million of death or death & TPD cover from another (non-SMSF) super fund to ANZ Staff Super as a fixed amount – conditions apply – see the Employee Section PDS and In Detail booklet
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. You will need to provide proof of your current insurance and complete an
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form which includes important information.
Important: Because the transfer of insurance is linked to closing your other super account, you should not proceed with combining your super until your insurance transfer to your ANZ Staff Super account has been approved by ANZ Staff Super’s insurer. Closing your account with your other super fund before approval may result in the loss of your existing cover held with your other super fund.
Keep in mind that any new or increased insurance is subject to acceptance by the insurer and may require health information.
Are we your stapled fund?
If the ATO has ANZ Staff Super as your ‘stapled’ fund and you change jobs, your new employer will need to pay your super contributions to us, unless you direct them otherwise.
Need help? We’re here
If you have questions or would rather combine your super over the phone, call us on 1800 000 086 and we’ll guide you through the process.