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41 votes
Hi there. With Payday Super changes coming soon, we know many of you will be thinking about how the new super payment timing will work for your business. It’s something we’re keeping a close eye on too.
While this particular idea isn’t currently on our product team’s roadmap, it’s on our radar and we’re actively monitoring the feedback here.
There are also a couple of related ideas focused on super payment timing that are already in development:
AU Payroll: Superannuation > standardised payment date aligned with PayDay Super - In Development
AU Payroll - Payday super reminders - In Development
If either of these would help, we’d really appreciate you adding your vote.
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Suleman Dib
supported this idea
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We manage payroll for multiple clients and often process payroll in advance due to public holidays and shutdown periods.
Currently, superannuation payments processed via Xero are debited immediately upon submission. However, with Payday Super, this will create a mismatch where super is paid before employee wages are paid.
This is counterintuitive from both a cash flow and payroll accuracy perspective.
This is particularly relevant over shutdown periods such as Christmas, where access to systems (including 2-factor authentication) may be limited, increasing the risk of missed or delayed superannuation payments across multiple clients.