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

Why do I need a default super fund

Hi  I'm really confused.  I have a new employee who already has a super fund that they want their contributions to go into.   If I use the self onboarding system to set him up in MYOB Business, it ...
  • Doreen_P's avatar
    Doreen_P
    2 months ago

    Hi MJ7,

     

    You’ve raised a solid question about handling super when your employee already has their own fund. Every employer still needs to set a default super fund for the business because it’s used if a new employee doesn’t nominate their own. Once that default is in place, your employee can keep using the fund they already have. You can grab more info about default super funds through this link by looking for the section called “To set a default super fund for your business.”

     

    Cheers,

    Doreen

Doreen_P's avatar
Doreen_P
MYOB Moderator
2 months ago

Hi MJ7,

 

You’ve raised a solid question about handling super when your employee already has their own fund. Every employer still needs to set a default super fund for the business because it’s used if a new employee doesn’t nominate their own. Once that default is in place, your employee can keep using the fund they already have. You can grab more info about default super funds through this link by looking for the section called “To set a default super fund for your business.”

 

Cheers,

Doreen

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