Superannuation

Superannuation is a retirement savings program in Australia where employers are required to contribute a percentage of an employee's earnings into a superannuation fund. This fund grows over the employee’s working life and provides income upon retirement. It's a way of saving for retirement ensuring financial security for employees in their post-working years.

Super guarantee rules from 1 July 2026

Rates current from 1 July 2026.

The super guarantee rate is 12% of an employee's qualifying earnings, and the rate is set by the date you pay the earnings. Since 1 July 2026, under Payday Super, you must pay super with every pay run, and it must reach the employee's fund within 7 business days of payday (20 business days in limited cases, such as a new employee's first contribution). There is no minimum earnings threshold, and employees under 18 qualify if they work more than 30 hours in a week. For example, an employee paid $2,000 in qualifying earnings must have $240 in super reach their fund within 7 business days of payday.

Read our guide to hiring your first employee, or book an HR compliance audit.