Forum Discussion

Ayushmadaan's avatar
Ayushmadaan
Contributing User
2 months ago

How to split super contributions between two different super funds for one employee?

Hi MYOB Community,

I need advice on a superannuation setup:

One of our employees has an SMSF for their SG contributions but also wants an additional percentage (x%) paid into a retail/industry super fund.

In MYOB, I understand only one super fund can be assigned per employee card.
I tried setting up two superannuation categories (one for SG, one for additional super), but both contributions still go to the same fund listed in the card file (the SMSF).

Is there any way to split super contributions between two different funds automatically in MYOB?

If not, what is the best practice or workaround to manage this while keeping STP, Payroll Summary reports, and Super compliance accurate?

Thanks so much for any help!

1 Reply

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    2 months ago

    Hey Ayushmadaan,

     

    It can get a bit tricky with super setups like that. You can process both the SMSF payment and extra super payment for a different fund altogether. What you'll need to do is this:

     

    • 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.

     

     

    Cheers,

    Doreen

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