Forum Discussion

ClareL1's avatar
ClareL1
Member
1 year ago

How to pay super as a sole trader

I want to make a super contribution for myself as a sole trader. Do I need to set myself up on the payroll to do this?

1 Reply

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    1 year ago

    Hi ClareL1,

     

    As a sole trader, you don't need to set yourself up on payroll. You're not required to pay yourself super like bosses do for employees. Instead, you’ve got the choice to put money into your super whenever and however it works for you. Here’s an ATO page that breaks down how super works for sole traders, plus this useful guide on the best times and ways to make contributions.

     

    Cheers,

    Princess