Add Self Managed Super Fund

Question

Hoping someone can help! I am trying to add a self managed super fund and link to an employee - I do not have the 'Pay Super' in MYOB. there is no option when adding a new super fund to put self managed? asks for a usi etc....

ChrisMYOB · Answer

Once signed up for Pay super, you are still able to record the super through your Pay Liabilities and use a different superstream compliant system if you wish.

Just for adding in a self-managed super fund, you will need to be signed up for the Pay Super.

I hope this helps answer your question.

KerryGee · Answer

Thank you for your response.

If I sign up for 'Pay Super' in MYOB do i actually have to use it? I'm not ready yet to make this change with so much to be done for end of financialy year.

I need to add a new employee for pay run today.

Kind regards

Kerry

ChrisMYOB · Answer

Hello @KerryGee

To be able to set up a self-managed super fund, you will need to set up Pay Super first.

This can be done by going to the Payroll command centre and clicking Pay Superannuation then the sign-up button.

I have attached a Help Article with the full walkthrough for signing up for Pay Super, once you have signed up you will be able to add a self-managed superfund.

Please let me know how you go.