Help & support
Essential Super for business is currently unavailable but will be relaunching soon. Find out more and register your interest.
Payday Super is a significant reform for employers. From 1 July 2026, employers will need to pay super contributions at the same time as wages, whether that’s weekly, fortnightly or monthly.
Payday Super is designed to make super more transparent and help employees grow their retirement savings. There will be a few changes for employers and now is a good time to review your processes and systems to ensure you’re Payday Super ready.
Make contributions to any superannuation fund for your employees.
Essential Super for business is free to access and use.1
A low-fee3 MySuper product you can use as a default fund for your business.
Meet the government standard of making streamlined, compliant super contributions.
Important documents & forms for Essential Super for business
Here's some key information you need to know as an employer:
We’re working with Colonial First State to bring Essential Super to your employees, an award-winning4 superannuation fund with strong returns5 and low fees3 to keep more money in their super.
Employees can manage their super account in NetBank and the CommBank app, including checking balances any time and making extra contributions.
Employees can benefit from a super account with competitive fees.3
Eligible employees will receive Death and Total & Permanent Disablement (TPD) cover automatically if they’re under 65, over 25 years of age and have an account balance of at least $6,000. They may change or cancel cover any time.
Employees are defaulted into the MySuper investment option that automatically adjusts based on their age. They can also choose from 8 other investment options.
Learn more about Payday Super and how to prepare your business.
Browse products, resources and masterclasses designed to set you up for success.
1 Other fees and charges may apply in certain circumstances.
2 MySuper accounts offer restrictions on the type of fees that can be charged and simple features, so you don’t pay for services you don’t need and a single diversified investment option or a lifecycle investment option.
3 The fee comparison is for MySuper products. This fee comparison is based on the Lifestage 1965-69 investment option for a member balance of $50,000 and may vary for different age cohorts. The Chant West Super Fund Fee Survey compares the Lifestage option that is closest to 71% growth assets, which is consistent with the average risk and return profile of most non-lifecycle products. Total fees and costs include administration fees and costs, investment fees and costs and net transaction costs on a gross of tax basis. Fund averages are calculated by Chant West on a weighted average basis. This comparison has been prepared by CFS using data sourced from the Chant West Super Fund Fee Survey, effective 30 September 2025 and is based on information provided to Chant West by third parties, that is believed accurate at the time of publication. Fees may change in the future which may affect the outcome of the comparison. Chant West may make adjustments to fees and costs for comparison purposes and therefore data may vary to other published materials. Whilst care has been taken to ensure that the data provided by Chant West is correct, CFS neither warrants, represents nor guarantees the contents of the information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Additional fees may apply. Refer to the PDS and Fees and Investments Reference Guide to find out more.
4 Essential Super was recognised for 'Exceptional Super for Gen Z’ and ‘Low Fee Super – High Growth' in Mozo Experts Choice Awards 2025. For more information, visit Mozo.
Essential Super was awarded 'Best-Value Super Fund for Young People' as part of the 2026 Money Magazine Best of the Best awards. For more information, visit Money Magazine.
Ratings issued by SuperRatings Pty Ltd, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd, AFSL No. 421445, are general advice only. Rating is not a recommendation to purchase, sell or hold any product and is subject to change without notice. SuperRatings may receive a fee for the use of its ratings and awards. Visit SuperRatings.com.au for ratings information.
5 Past performance is not a reliable indicator of future performance.
The 3‑year return is calculated on a cumulative year‑on‑year basis and annualised up to 31 March 2026, averaged across the Lifestage options for those born between 1970 and 2004. The return is an average across 7 Lifestage options where the majority of Essential Super members are invested.
Lifestage returns shown below are cumulative year-on-year basis and annualised on a 3-year period up to 31 March 2026:
Returns are calculated after fees (excluding the dollar-based administration fee) and 15% tax on earnings and are calculated by the change in unit price for the relevant option during the period. Individual returns may vary. See the latest returns for all Lifestage options. Returns and calculations are provided by CFS.
6 Insurance is subject to certain exclusions. Please refer to the insurance section in the PDS and the Insurance Reference Guide for more information on insurance exclusions.
Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (referred to as Colonial First State or CFS) is the Trustee of Essential Super ABN 56 601 925 435 and the issuer of interests in Essential Super. Essential Super is distributed by the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank or CommBank). The CFS Group consists of Superannuation and Investments HoldCo Pty Limited ABN 64 644 660 882 (HoldCo) and its subsidiaries, which includes CFS. The Bank holds an interest in the CFS Group through its significant minority interest in HoldCo.
This information is issued by CFS and may include general financial product advice but does not consider your individual objectives, financial situation, needs or tax circumstances, and so you should consider the appropriateness of the advice having regard to your circumstances before acting on it. The Target Market Determination (TMD) for Essential Super can be found at cfs.com.au/tmd and includes a description of who the financial product is appropriate for and any conditions on how the product can be distributed to customers. You should read the Product Disclosure Statement (PDS) and the Reference Guides for Essential Super carefully and consider whether the information is appropriate for you before making any decision regarding this product. Download the PDS and Reference Guides at commbank.com.au/essentialsuperbusiness-documents or call CFS on 13 4074 for a copy.
The clearing house facility is provided by SuperChoice Services Pty Limited ABN 78 109 509 739 (SuperChoice), an authorised representative of PayClear Services Pty Limited ABN 93 124 852 320 AFSL 314357 (PayClear). SuperChoice and PayClear are not part of the Commonwealth Bank Group or CFS. The SuperChoice Combined Financial Services Guide (FSG) and Product Disclosure Statement (PDS) is provided at the time of registration. Employers should consider the SuperChoice Combined FSG and PDS before deciding whether to apply or accept the offer to use the clearing house facility.
None of the Bank, HoldCo, CFS, nor any of their respective subsidiaries guarantee the performance of Essential Super or the repayment of capital by Essential Super. An investment in this product is subject to risk, loss of income and capital invested. An investment in Essential Super is via a superannuation trust and is therefore not an investment in, deposit with or other liability of the Bank or its subsidiaries.
The insurance provider is AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIA Australia). AIA Australia is not part of the Commonwealth Bank Group or CFS. Insurance cover is provided to eligible members of Essential Super under policies issued to CFS.
Any information provided by CBA may include general financial product advice but does not consider your individual objectives, financial situation, needs or tax circumstances, and so you should consider the appropriateness of the advice having regard to your circumstances before acting on it. You should read the PDS and the Reference Guides for Essential Super carefully and consider whether the information is appropriate for you before making any decision regarding this product.
This page contains links that will direct you to third-party websites, which are not operated or controlled by the Bank. Any link you make to or from one of the third-party websites on this page will be at your own risk. Any use of a third-party website, including any information you provide on that third-party website will be governed by the terms of that third-party. Any views or opinion expressed on a linked third-party website are those of the third-party and do not necessarily reflect the policy or position of the Bank. No liability is accepted by the Bank, its related entities, agents and employees for any loss arising from your access of, or use of, any linked third-party website.
