Super changes from 2026: what employers need to know

A new financial year often brings updates to super – and from 1 July 2026, there are a few important changes to be aware of. Some are behind-the-scenes changes, while others could make a real difference to how and when your super grows. 

Here’s a simple breakdown of what to expect – and what it could mean for you. 

The Maximum Super Contribution Base (MSCB) sets a cap on the amount of earnings that employers must pay Super Guarantee (SG) contributions on.  

Starting from the 2026/27 financial year (FY27) the MSCB is changing from a quarterly cap to an annual cap.  

The MSCB for FY27 will be $270,830. 

What this means 
Employers only have to pay super guarantee contributions on qualifying earnings up to the maximum threshold.  

Contributions above the MSCB may form part of an employment agreement. If contributions exceed the concessional contributions cap, the employee is responsible for managing any resulting tax implications when lodging their tax return. 

Contribution caps are increasing from 1 July 2026, meaning members can add more to their super.  

• Concessional (before-tax) cap increasing from $30,000 to $32,500  

• Non-concessional (after-tax) cap increasing from $120,000 to $130,000  

What this means 

Higher caps may give members more flexibility to boost their super, whether through salary sacrifice or personal contributions.

From 1 July 2026, a new tax (called Division 296) will apply to individuals with very high super balances. 

In simple terms, if your Total Super Balance at the end of FY27 exceeds $3 million, realised earnings applicable to the portion of your balance:  

• between $3 million and $10 million will be taxed an extra 15% 

• above $10 million will be taxed an extra 25% 

The tax payable is calculated on an annual basis. 

What this means 

This change will only affect a small number of people with very large balances – but it’s something to be aware of if your super is approaching that level. 

There are also some less visible – but important – system changes happening alongside Payday Super. 

From 1 July 2026: 

• Super contributions will generally need to reach super accounts within 7 business days, which means faster processing times for both employers and super funds. Payment and reporting systems are being upgraded to support near real-time processing.  

What this means  
Contributions should show up in members' accounts sooner, showing a clearer, more up-to-date balance. 

One thing that’s not changing on 1 July 2026 is the Super Guarantee (SG) rate. It will remain at 12% of eligible earnings.  

Why this matters 
Employers can continue contributing at the same rate, just more frequently under Payday Super. 

The ATO has the latest info for employers, but if you’re not sure how it impacts your employees and their super, please reach out to your Relationship Manager.  

• Read more about changes to superannuation legislation at the ATO.