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

Hi CazzB,

You’re right, that’s exactly it. You’ll need to process super twice in Pay super window. First, run the standard Super Guarantee to the usual fund, then do a second payment for the Additional super. Before the second payment, change the super fund link to the employee’s nominated fund. Always make sure each contribution is paid to the correct, assigned Super fund.

Cheers,

Princess

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.

• Make superannuation payments
• Set up superannuation funds

Cheers,

Doreen

Doreen,

Does this mean you have to process super twice - once without the additional super (the bulk of super for the company) and then a second time just for the additional super?

Did you find a suitable solution to this? 

Hi potterai,

Great call on wanting to process the SMSF contribution and send the extra super to a different fund. When you’re ready to pay the additional super from the Pay Superannuation window, pop into the employee’s card and switch their super fund to the retail or industry fund first so the extra amount goes to the right place. After that, switch back to the SMSF in the card and process the SMSF payment as normal. Make sure to also check the links below:

• Make superannuation payments
• Set up superannuation funds

Cheers,

Doreen

Hi Doreen, thanks for your reply. My husband and I both have 2 different superannuation accounts, one is a SMSF and one is our Industry Super fund and we split our superannuation between the 2 of them. At the moment I am paying manually through ATO Small Business Superannuation Clearing House but as i understand it, we won't be able to do this from next year when the immediate superannuation payment changes come in. Are MYOB looking to be able to pay into 2 different superannuation accounts per staff member because swapping cards each pay cycle between different super funds as you have mentioned above is going to be a nightmare if you are doing this each and every week? Can you advise/comment please?