Payday super starts July 1. For SMEs, the real shock is cashflow
From July 1, super will need to be paid with every pay run and for many small businesses that means losing a quiet but crucial cashflow buffer.
From July 1, superannuation moves from quarterly payments to being paid alongside wages. The rate isn’t changing — it’s still 12% — but the timing is.
And in cashflow terms, timing is everything.
Most of the discussion around payday super has focused on compliance, system updates, payroll adjustments, administrative process. Very little has focused on cashflow, which is surprising because for many SMEs, July won’t feel tighter due to higher costs; it will feel tighter because a layer of working capital float disappears.
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