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MJ7's avatar
MJ7
Experienced Cover User
2 months ago
Solved

Default super fund

Why do I need a default super fund?  I'm really confused.  I have new employee who already has a chosen super fund that they want to use for contributions.   If I use the self-boarding system to se...
  • SupportNoteGuy's avatar
    SupportNoteGuy
    2 months ago

    Hi MJ7​ - thanks for your question.

     

    The ATO requires every employer to have a default super fund (here are the ATO guidelines) which your new employees can choose if they don't already have a super fund.

    When a new employee goes through the self-onboarding process, they can choose their existing super fund.

     

    I hope this clarifies things for you!

     

    Adrian

SupportNoteGuy's avatar
SupportNoteGuy
MYOB Staff
2 months ago

Hi MJ7​ - thanks for your question.

 

The ATO requires every employer to have a default super fund (here are the ATO guidelines) which your new employees can choose if they don't already have a super fund.

When a new employee goes through the self-onboarding process, they can choose their existing super fund.

 

I hope this clarifies things for you!

 

Adrian

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