Forum Discussion

Member

2 months ago

Solved

Payday Super

We currently pay super monthly, and pay wages to staff either monthly or fortnightly. I've set up Pay Super, and just lodged my first monthly super payment though it today. I would like to start us...

Doreen_P
2 months ago
Hey AnnaCWP,

Really appreciate you sharing how you’re managing super at the moment and wanting to get familiar with Payday Super early. Payday Super works the same way as Pay Super. If you pay weekly, the super processes weekly. If you pay fortnightly or monthly, the super follows that same timing and it'll officially takes effect on July 1. You can also check this link for more info with Payday Super.

Cheers,

Doreen

Doreen_P

MYOB Moderator

2 months ago

Hey AnnaCWP,

Really appreciate you sharing how you’re managing super at the moment and wanting to get familiar with Payday Super early. Payday Super works the same way as Pay Super. If you pay weekly, the super processes weekly. If you pay fortnightly or monthly, the super follows that same timing and it'll officially takes effect on July 1. You can also check this link for more info with Payday Super.

Cheers,

Doreen

gpritch

Contributing User

19 days ago

Hi Doreen

So, if we activate Pay Super on 1 May for our (weekly) payrolls, when will the contribution payments be made? Is there a setting to allow us to continue with quarterly payments until Payday Super applies from 1 July?

If that's so, we'd lodge the April contributions with the ATO and pay them at the end of the June quarter, while MYOB would handle the May/June contributions and pay them in July.

Isaiah_C
MYOB Moderator
19 days ago
Hi gpritch,

Great question, and you're definitely thinking along the right lines here. Just to clear it up, Payday Super will only apply to pay runs with a payment date on or after 1 July. So even if you switch Pay Super on earlier (like 1 May), anything paid before 1 July won't be included in Payday Super. That means you can absolutely keep doing your super the usual quarterly way for April, May, and June. Lodge and pay those by the end of the June quarter as normal. Then once July kicks in, MYOB will start handling super based on each pay run under Payday Super.

Regards,

Sai
- gpritch
  Contributing User
  18 days ago
  Thanks Sai
  
  I'm a bit confused about the effects of activating Pay Super.
  
  It sounds like we'd still pay the contributions quarterly outside MYOB. So, please let me know if activating Pay Super would result in any changes. And what the benefit is of activating Pay Super before 1 July.
  
  It seems like the benefit of activating Pay Super is "automatic calculation/tracking, time savings by paying on payday, and reducing administrative tasks ... eliminating the need for separate, manual bank transfers and clearing house processes". So is there a setting to allow us to continue with quarterly payments outside MYOB until Payday Super applies from 1 July? Or does activating Pay Super mean that we can choose what period's contributions are to be paid and then they're paid through MYOB?
  - Princess_R
    MYOB Moderator
    18 days ago
    Hi gpritch,
    
    You’ve nailed it! Switching on Pay Super means way less admin, happier staff, you’re all squared away with the ATO, no more manual bank transfers, and you can drop any external clearing house. The only catch is that super gets paid at the same time as wages, and everything’s processed through MYOB Pay Super. If you want to dive deeper into how Payday Super works, this guide has all the details.
    
    You can still run super quarterly right up until 1 July 2026. Any pay runs recorded and paid before 1 July follow the current quarterly super rules, while pay runs recorded and paid on or after 1 July need to follow the new Payday Super timing.
    
    Cheers,
    Princess