The way Australian employers pay superannuation is set for its biggest shake-up in decades. The Federal Government has just introduced the Payday Super legislation — a bill that, if passed, will require businesses to pay super at the same time as wages from 1 July 2026. Here’s what you need to know about what’s changing, how it impacts your cash flow, and how to prepare your payroll systems ahead of time.

A couple in their late 40s approached Alexander Spencer with the goal of gaining more control over their investments and exploring property acquisition through a Self-Managed Super Fund (SMSF). The wife runs a successful beauty business, while the husband is less involved in the business but is highly interested in investing in shares and cryptocurrency.

A Self-Managed Superannuation Fund (SMSF) is a private super fund that provides individuals with complete control over their retirement savings. Unlike traditional super funds, SMSFs allow members—who typically also serve as trustees—to make personalised investment decisions. This flexibility is appealing to many Australians, though it comes with increased responsibility and compliance requirements.

With the new financial year upon us, it is important to consider what is changing for Self-Managed Super Funds (SMSF) starting 1 July 2023. A summary of the key changes for Self-Managed Super Funds is outlined below, so you can plan for the year ahead…