From Payday Super to Federal Budget changes coming into effect, 1 July 2026 brings changes you can’t afford to ignore, whether you run a practice or are focused on your personal finances.
Payday Super: A major shift.
Super for staff must now be paid at the same time as wages, with contributions reaching funds within seven days. For employers, this means tighter cash flow planning, more frequent payments and near real-time reporting.
Instant asset write-off now permanent.
The $20,000 instant asset write-off is here to stay. Eligible small businesses can immediately deduct assets under the threshold, making it easier to invest in equipment, tech or tools without second-guessing timing.*
Loss carry-back returns.
Loss carry-back rules are back, allowing eligible businesses to offset losses against prior profits and potentially receive cash refunds.*
Discretionary trusts: proposed changes ahead.
A significant change to discretionary trusts is coming, with a proposed 30% minimum tax on trust income from 1 July 2028. While not yet legislated, this signals a major rethink for family groups, investors and business owners using trust structures, making early review and proactive advice critical.
Division 296: Here to stay.
Division 296 will officially commence 1 July 2026, meaning an additional 15% tax on earnings relating to superannuation balances above $3 million, and 30% above $10 million. It signals a broader shift in how wealth held in super is taxed, making structure, timing and long-term planning more important than ever.
What this means for you.
These changes aren’t just compliance updates, they’re planning opportunities. Getting ahead early puts you in control. Contact the experts at Cutcher & Neale for a no-obligation complimentary consultation today.
*The loss carry-back and instant asset write-off measures will not apply until the legislation has been passed through Parliament.
Jodie Walshe is a Partner at Cutcher & Neale with almost 20 years of experience. Beginning her career as a trainee, she was the firm’s first female Partner to have followed that path. Known for her genuine and caring approach, Jodie builds long-term relationships with clients across generations, providing trusted advice that supports their goals and success.
