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AnnaCWP's avatar
AnnaCWP
Member
5 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 using Payday Super from the 1st March, so we can get used to it.  Is the process of using Payday Super the same as Pay Super, just done at the same time as paying wages?  I've looked through the information, but haven't been able to figure out exactly how it will work.  Thank you!

  • 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

19 Replies

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    2 months 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

  • gpritch's avatar
    gpritch
    Contributing User
    2 months 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?

  • Isaiah_C's avatar
    Isaiah_C
    MYOB Moderator
    3 months 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's avatar
    gpritch
    Contributing User
    3 months 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.

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    5 months ago

    Hi SB2084

     

    No worries, it's good to make sure you completely understand the update. To answer your question, yes, for you, Payday Super will mean using the same Pay Super process more often:

    1. Do your pay run as normal (fortnightly or monthly).
    2. Right after you pay wages, go into Pay Super and submit the super for that pay run instead of waiting to do it monthly.

    So you’re not changing any processes in AccountRight, you’re just lining up your Pay Super payments with each pay run, so you’re ready for the Payday Super rules.

    If you want more detail, this guide has a good overview of what’s changing:
    https://www.myob.com/au/resources/guides/payroll/payday-super

    Regards,
    Genreve

  • SB2084's avatar
    SB2084
    Experienced Cover User
    5 months ago

    Thanks Sai, so just to clarify one more time, if we are already using pay super in MYOB, nothing changes with the new requirements, except how often we have to do the process? We need to update our procedures so that when a pay run takes place the staff member also does the pay super process? Sorry to repeat myself, but there has been such a fuss made about this coming in, I want to make sure I am not missing something. 

  • Isaiah_C's avatar
    Isaiah_C
    MYOB Moderator
    5 months ago

    Hi SB2084,

     

    Great question and love that you're getting ahead of the game by trialling this with your smaller businesses first. To clarify, it's the same process, no changes there in terms of creating and approving the super payment. You'll still need to go into Super Payments and process it as you normally would. The difference with Payday Super is when it's processed, instead of doing it quarterly like before, it'll now be processed after each pay run. So the timing changes, but the steps themselves stay the same. Just a heads up, Payday Super is set to start from 1 July 2026, so you've got a bit of time to get comfortable with it before it becomes compulsory.

     

    Regards,
    Sai

  • SB2084's avatar
    SB2084
    Experienced Cover User
    5 months ago

    I have the same question as Anna, and the information provided in the link does not spell out how this actually happens. Currently we manually have to go into super payments and create and approve a super payment. Will any of this be automated with payday super or is this process the same? As with Anna we would like to start using payday super now on our smaller businesses to be ready with our larger payroll when this becomes compulsory. Thanks Sarah

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    5 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