Self managed fund

Aysh21

I am paying an "employee" who owns the business a nominal wage per month.  I have to pay him superannuation into his self managed fund.  I keep getting a message when trying to do so - "This fund can no longer receiving contributions using Pay Superannuation.  Pleaes edit the fund from the Superanuation Fund List window and select  a valid Fund Name for it"  and then I also need an ESA - Can anyone help with this?

Komal_S

Hi @Aysh21 

This error can be fixed by setting up the SMSF fund again, assigning it to the employee card, and then processing pay super. Please follow the steps given below: 

1. Create a New SMSF in Lists>Superannuation Funds.
You will get a warning about the name existing, just add a number or letter to the end of the name.

2. Assigned this new Super Fund to the Employee Card: Payroll Details>Superannuation.

C. Try to process PaySuper again.

Regarding your second query, we cannot provide ESA but please refer to this website for details on obtaining it.