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Jenlout's avatar
Jenlout
Contributing Cover User
7 days ago

Employee with 2 super accounts

Hi

We have a new employee, they have 2 super accounts one in which SGC goes into and one which salary sacrifice goes into. Her last workplace could do this for her through their pay platform of xero, does MYOB have the functionality to be able to put 2 super accounts in and direct which contributions I would like to go into each super fund.

 

Thanks

Jenni

 

2 Replies

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    7 days ago

    Hi Jenlout,

     

    That setup can get a little fiddly, but yes, you can work with two different super funds for different contributions. A practical way to handle it is to:

     

    • Keep the employee’s usual fund set up for the SGC amount.
    • When you’re ready to pay the salary sacrifice amount from Pay Superannuation, go into the employee card and swap the fund to the other super fund first.
    • Process that payment to the correct fund.

    It’s a bit of a manual step, but it keeps the contribution going to the right place and helps keep STP and payroll reports tidy. You can also check these guides for more info:

     

     

    Cheers,

    Doreen