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Multiple superannuation funds for an employee

TraceyMills

I have an employee who wants to put $200 into his current superannuation fund, then the balance into his self-managed super fund. I can see I can change his payroll card to just pay the $200, but how do I set up for the balance to be paid to the other fund?

Thank you kindly

Tracey

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TraceyMills

Hi Shella,

I'm still having problems with the set up of this additional fund.

I have set the fund up, but I can't seem to assign the fund to a payroll super category.

Is someone able to contact me directly to solve this problem, I'm getting very frustrated, so close but yet so far it seems. 😊

My thanks in advance,

Kindest regards,

Tracy

TraceyMills

Hi Shella,

Thanks for that, I didn't think it was straight forward 😊

So, do I accrue the two lots of super as separate mounts within the same employee card?

We pay weekly, so there is always at least 4 lots on each Super remittance.

And how does the system know how to report to the different funds, when you can only have one fund for each employee card?

If I sound a bit confused, that'd because I am 🤗

Thanks again,

Tracey

Shella_A

Hi @TraceyMills,

Handling super setups like this can indeed be challenging. However, you can process both the SMSF payment and an additional super payment for a different fund. Here’s what you need to do:

When you're ready to pay the additional super from the Pay Superannuation window, just jump into the employee's card and swap the super fund to the retail/industry fund first. That way, the additional super gets paid to the right place.

Bit of a manual step, but it'll keep your STP, payroll summaries and compliance nice and tidy. You can also check the links below for more info.

Regards,

Shella