From 1 July 2026, there have been some updates to your super.
Here are some changes that might affect you:
1. Payday Super
From 1 July 2026, super has to be paid on your payday, at the same time as your salary and wages. The Payday Super rules state that your super fund must receive your super payment within 7 business days of your wages being paid. This is the rule as long as you haven’t just started a new job or nominated a new fund (more on this below).
For example, if you are paid weekly, your employer is also required to process your super weekly. Your super fund should have received the payment within seven business days.
What to check:
- From 1 July 2026, check your transactions in your super account after your payday instead of quarterly. Your super will be paid at the same frequency as your salary or wages. Make sure to allow for processing and allocation time, we recommend checking your super account 10 business days after your payday.
- For any super earned between 1 April – 30 June 2026, your employer still has until 28 July 2026 deadline to pay this amount. You should check your super account for a super payment for any super earned during this period.
- If you notice that your super account has not received super payments owed to you; check with your employer that they have the right fund details. mobiSuper members have a prefilled nomination form which has all the details your employer needs to pay your super correctly.
- If you start a new job or nominate a new super fund after 1 July 2026 your employer has slightly longer to pay your first super contribution. Your employer will have 20 business days to pay your first super payment into your account. After the first payment they will need to meet the normal Payday Super rules (money received in your super account within 7 business days).
Read more about employer contributions.
2. The government co-contribution income thresholds have increased
The government co-contribution scheme is an incentive for individuals to make personal contributions to their super account. The government co-contributes up to 50c for every $1 you contribution, capped at $500. The co-contribution decreases progressively as your income increases.
The lowest income threshold has increased to $49,293 p.a. and highest income threshold has increased to $64,293 p.a. This could mean you’re eligible to receive the co-contribution this financial year!
| Financial Year | Lowest income threshold | Highest income threshold |
|---|---|---|
2026-27 (1 July 2026 – 30 June 2027) | $49,293 p.a. | $64,293 p.a. |
For example, if you make a $100 personal contribution into your super account and you earn below $49,293 p.a., you could be eligible for the best rate of co-contribution. The government will contribute $50 into your super account. This happens automatically when you lodge your tax return.
What to do next:
If you weren’t eligible for the co-contribution before, you could be now! Check your annual salary and see if you can take advantage of this government incentive for the 2026-27 financial year. Additional eligibility criteria applies, see the ATO website.
Read more about government incentives.
3. The super contribution caps have increased
The concessional and non-concessional contributions caps will be increasing from 1 July 2026.
| Contribution caps | 1 July 2024 - 30 June 2026 | From 1 July 2026 |
|---|---|---|
Concessional contributions cap | $30,000 | $32,500 |
Non-concessional contributions cap | $120,000 | $130,000 |
What does this mean for me?
If you’ve made a personal contribution, you could be eligible to claim a tax deduction if the total of your concessional contributions is less than the cap.
For example: if your employer pays you $5,000 in your super account during 2026/27 financial year (1 July 2026 – 30 June 2027), you could be eligible to claim a tax deduction for up to $27,500 of personal contributions.
However, if you choose to claim the government co-contribution, you cannot claim a tax deduction as well.
Read more about personal contributions or for eligibility requirements for tax deductions, see the ATO website.
4. The income tax rates and thresholds have changed
From 1 July 2026, there is a reduction in the tax rate for taxable income earned between $18,201 - $45,000. The rate has reduced from 16% to 15%.
The tax rates for FY2026-27 (1 July 2026 – 30 June 2027)
| Taxable income | After 1 July 2026 |
|---|---|
$0 - $18,200 | Tax free |
$18,201 - $45,000 | 15% |
$45,001 - $135,000 | 30% |
$135,001 - $190,000 | 37% |
Over $190.000 | 45% |
See the ATO website for more information. There’s a tax cut calculator which shows how much tax you could save.
According to Budget 2025-26, there will be further tax cuts for FY2027-28
This wraps up the changes our summary of changes for this financial year! It’s important to know what might affect your super and what incentives you might be eligible for this financial year.
