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Sam_L's avatar
Sam_L
Trusted Cover User
7 months ago
Solved

Adding more than one superannuation fund per employee in AccountRight

Are you able to add more than one superannuation fund per employee in AccountRight? My employee has an industry fund for Super Guarantee contributions and a SMSF for Salary Sacrifice.
Sam_L's avatar
Sam_L
Trusted Cover User
7 months ago

Thanks Shella.

If you are using MYOB Pay Super, do you mean complete a super pay run using the Super Guarantee fund first, then switch the fund to the SMSF and complete a second super pay run?

 

  • Isaiah_C's avatar
    Isaiah_C
    MYOB Moderator
    7 months ago

    Hi Sam_L,

     

    Awesome question! You can't set up two super funds in the one employee card. By default, it'll only let you have one. But if the employee's got both an APRA fund and an SMSF, the way to go is to set up a salary sacrifice category. Then when you process payroll, pop the Super Guarantee amount in the SG field, and the SMSF amount in the salary sacrifice field. When you head into the Pay Super window, you'll need to do it in two steps. Process the APRA (regular super) first. Then jump back into the employee card, swap the fund over to the SMSF, and process the salary sacrifice from there. 

     

    Regards,

    Sai

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